Have you spoken with the Seller on the option of Seller financing? 

Tampa Can Be a Good Option,it has great rental opportunities in neighborhoods like South Tampa, Tampa Heights, Seminole Heights, Carrollwood, and Brandon.Before buying, analyze costs like purchase price, rental income, management fees, repairs, and vacancy rates to ensure a good investment.Other Florida markets like Orlando or Jacksonville might offer similar benefits depending on your investment goals.

Recommendations can be short-term uses to bring in revenue while considering long-term plans.The land costs almost nothing to own, so selling is an option but I would much prefer to keep it and generate income from it.

I have a 2.99% 30 year fixed I would do a lease option or mortgage wrap with for someone with a $480K down payment.

A business banking account integrated with options for lines of credit, commercial mortgages, or construction loans can be very attractive.5.

Looking at your whole situation to see if you qualify for a regular loan might be a better option that doing a DSCR.

If you ever want to connect and discuss some of your financing options for your future investments, please let me know. 

For multifamily, generally unit count bucket is going to determine your financing options, the three general cutoffs are:2-4 Unit5-10 Unit11+ Units

BRRRR is a great option here and tons of price points.I like @Jonathan Greene Q - Do you want to move to Chicago are you feeling like you have to? 

Considering refinancing options now could mitigate the risks associated with market transitions and ensure smoother financial transitions.Conclusion: Interest rate drops alone will not resolve the complexities facing commercial real estate and multifamily housing.