If they are smallish, perhaps an easier option is to create storage units in this unfinished apartment that the tenants can rent.

If the cash flow is right even using a manager, would STR be an option you’re interested in hearing more about?

I like the fact that he provides affordable housing opportunities for undeserved communities and many of his exits on the loans are said to be lease options for individuals and families who otherwise might not be able to afford or qualify to buy on their own.

Looking for possible loan options for repairs

While you save, home prices could continue increasing too.There's always opportunity cost with buying today or waiting but I recommend doing what's best for you.Yeah I want to get in ASAP (as long as it’s financially possible of course lol), I’ll explore my options and go from there if my calculation will be beneficial 😅 

As stated above, some lenders have no dscr options. 

There is no doubt the market is very tight, but there are still options.  

This is probably different for multifamily where renting it out is their only option.

New construction offers a unique blend of potential high returns and control over the investment, making it an attractive option for those looking to diversify their portfolios.The Advantages of New Construction InvestmentCustomization and Control: New construction projects offer investors the chance to tailor properties to meet current market demands, ensuring higher occupancy rates and returns.Energy Efficiency and Sustainability: Modern constructions come with the latest in energy-saving technologies and sustainable materials, appealing to a growing eco-conscious tenant base.Lower Maintenance Costs: With everything brand new, the initial years following a new construction project see significantly lower maintenance costs compared to older properties.Tax Incentives: Many regions offer tax benefits for new construction projects, especially those that meet certain environmental or economic development criteria.How to Approach New Construction InvestmentEmulating Buffett's investment strategy involves careful market research, understanding local real estate dynamics, and potentially partnering with experienced developers.

I can recommend options for you.