I just DM’ed you but I’ve househacked a handful of properties on the northwest side of Chicago.

Make the start date of the lease contingent and effective upon closing. 

But to your point, a current project I’m about to start, I can tell you I had to push back on ARR as the comps used by lenders were entirely outside of what I’m bringing to market.

Lower Start-Up CostsTraditional real estate investing requires 20%-25% down, making it difficult for many to scale quickly.

It’s really amazing to see you getting started in real estate at such a young age and Out-of-state multifamily investments are a great way to begin. 

Quote from @Argel Algura: Hey Bigger Pockets Community,A year ago I wrote about rebuilding and starting over in life and considering real estate investing as a path (see post here: "Bad credit, minimal cash and starting over in life . . .

Start with BiggerPockets Ultimate Beginners Guide (free).

Or alternately, are you able to find a market within 1-2 hours of you where you can be hands on?  

I’ve been dreaming the last few years of starting an event venue, something for weddings, gatherings, etc., preferably with a great outdoor space.

Starting to look at possibly investing there.Great, but also expensive and competitive.