This is one of the options I was considering as well. 

We met ALL of the criteria for our private money lenders being 'Friends & Family' and they all have agreed to receive email communications from us.

For investment, 20% down is typical with some 15% down options out there but there are restrictions (not sure if this is available for STRs, just LTRs.) 

+1  Real Estate Investing Data and How-to Guides - This here shows that you can filter to Multi family but I don't see it as an option as well.

Given that I recently created a Series LLC here in TX, and there still doesn't appear to be straightforward options in this regard, I figured I would bring it up again. 

Its not near any major cities where someone might look at it as a long play for path of progress.Another option might be to see if a solar farm or wind farm company might be interested once its clear cut. 

FHA 203(k) Loan BasicsThe FHA 203(k) loan is an excellent option for financing a multifamily property (up to 4 units) with only 3.5% down.

In my case, I think TK is the best option - at least to initiate my real estate journey.

I’m particularly curious about:Financing Options: What types of loans or funding sources work best when scaling quickly?

To your point, I still definitely believe investing out of state is a viable option.