Based on your post, it's probably best for you to simply not invest in Cook County for your own peace of mind.Sure, any tenant could stop paying rent and that risk is never zero.

Based on the development expected over the next decade, I believe it's a great area to invest in. 

Based on what you've told us, your rate should be at prime (7.5%), unless you are over 80% LTV, then it would be prime +1.Jeff

I’m based in Utah and plan to invest in long-term rentals in UT, OK, and/or TX.

Building trust is not easy and don't trust someone just based on their word.

This concerns me about the potential to maintain a solid tenant base and would likely cause a higher vacancy factor.

So choose wisely and good luck I like the passive nature myself of boat and RV storage.

Quote from @Rafael Ramos: I’m Rafael, a business owner based in Florida, and I’m looking for some advice to craft the best real estate investment strategy.

Based on the information that you shared, if you haven’t already done so, I recommend connecting with a local expert.

More on DSCR loans in case helpful: DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.