I’m looking to start investing out of state, mostly in multi-family residential.

Paying off debt will also provide a better debt-to-income ratio moving forward when you’re looking to use residential financing for longer holds.

I’m 33 and a millennial, I want to be a full time real estate investor one day (residential real estate).

Great info, did not know Cap Rate only pertains to Residential units of 5 or more, or commercial properties!

But five years of living and breathing design has taught me so much- including many things I use all the time as a designer and project manager.That's the bulk of my experience outlined; I have for a long time known that property management and investing is the direction I wanted to take my career, and all these years I keep swinging back to residential management and wealth building, reminding myself again and again that it is right up my alley to pursue (and I'm not getting any younger).Now, having been laid off on NYE, it seemed appropriate to take this time to build my business.I don't have any savings to bring to the table (one of the problems with the last job was low pay for the level of work I was completing). 

Are there any websites to search specifically for Residential RE Investment Mortgages? 

Residential loans typically (but not always) have better terms. 

For instance, if you have 50 residential units, with 50 roofs, 150 toilets, 50 hot water tanks, etc. you have a huge liability at any given moment where nearly all of the repair and maintenance expense is on you.

Also, the property is in another country so it might be best to consult with a CPA to figure this out a little more.Edit: here is a link to the irs for more information on residential rental property https://www.irs.gov/pub/irs-pdf/p527.pdf

We are beginning in residential investments, have already bought our first multi-family in Nebraska, and we've heard that Cleveland and the suburbs are another good place.