Investment Info:Small multi-family (2-4 units) buy & hold investment.

Financing seems to be tricky with IRA hence feel that its best to buy with self funding fully.

There will be multiple markets you can achieve a 7.5% cap rate especially if you're buying with cash.

Your investment property - This you could do a 1031 exchange on and buy another property you intend to use for investment. 

(I only have RPR data for DC)2025 may be a good time to buy.

I also buy my own materials.

Your best route might be to buy a 2 to 4 unit property that you can live in and rent out the additional apartments.

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

If you are trying to raise a few hundred thousand to buy another 4-6 unit property, while I would not invest in someone with less than a year experience, I am guessing some of your pilot friends, other friends, or family members may be willing to chip in.Now, if you want to jump from a triplex to 80 units, raising 4-5mm of equity and another 4-5mm in debt, than I would just manage your expectations. 

Investment Info:Small multi-family (2-4 units) buy & hold investment in Clinton.