.- Your options are to either wait out the 12-month waiting period and refinance into an investment property loan using a conventional loan or look for a non-conventional loan.

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

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

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.

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.

This means a great lending attorney, 1st position loans against local properties, and sensible loan-to-value ratios (LTVs).

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

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? 

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

So if you are planning on keeping it, my understanding is that you would only need to live there for 12 months in order to qualify for low down payment loan options if you wanted to purchase another owner occupied property.