Investing out of state

[Sung Park]

This question is for any lenders particularly in the Philadelphia area. I'm interested in a multi unit property that is located just outside philly but I currently live near DC. My wife and I are considering moving to Philly to be closer to family and we are interested in house hacking to start our REI journey. The property seems to be in good shape so I'm considering a low down payment fha or conventional, no rehab likely needed. We want to genuinely owner occupy for the better terms but the big question is timing. How do lenders deal with situations where the borrower lives in a different city from the property but intends to occupy it? I'm trying to time this so that we can make the purchase while at the same time take advantage of my current W-2 income as I am not sure if I can get as high of a salary in philly. In the worse care scenario, I am wondering if I can get it under contract while in DC, close on the property, quit my job here after closing and financing goes through, and move into the property. Am I overlooking something? Is there anything I need to be considering?