Hi Robert, I would look into Columbus Ohio as well. 

Or just go outside of the city to invest in Cabot, Conway, benton or Sherwood as well.

What's the best way to navigate this situation regarding the application process as well as the lease administration?

Take into consideration that when the person you gifted the property to will have special tax considerations as well 

Eventbright is a great resource as well.

Aloha @Keith Barham, yes its geared for Lenders and Agents, however,  it works well for Real Estate Investors too! 

Three and four units properties tend to be slightly more investor facing, but there are still a lot of regular buyers that pick up three and four units as well.

There are Bigger Pocket events you could look into as well.

.🎩 The Buffett ConnectionWarren Buffett's investment philosophy aligns beautifully with the principles of income-producing real estate, particularly through his well-documented love of dividend-paying stocks.🎯 The Buffett Dividend Strategy Coca-Cola remains one of the best examples of Buffett's philosophy in action:1988-1989: $1.3 billion investmentHeld for 30+ yearsGrowing dividend income streamShows the power of buying quality assets and holding for cash flow💳 The American Express StoryBuffett began buying AMEX in 1964 during the "Salad Oil Scandal" crisisMade a larger investment in 1991Berkshire now owns about 20% of American ExpressThe investment has generated billions in dividend incomePerfectly demonstrates Buffett's principle of buying great companies during temporary troubles (just like smart real estate investors who buy in good areas during market dips!)

Do you know the other markets well?