With that being said, you can buy rental properties with most banks if you have a company utilizing their commercial loan options or going with a mortgage broker as well (that normally shops around & in multiple states to offer you the best financing option).

@Dominic MazzarellaLily, I have multiple CBD tenants.

I have seen that a few states have "Series LLC's", where you have an "umbrella" LLC and you can then have multiple properties under that as their own separate LLC.  

However, I want to ascertain that y this area (or some other area), would be a great place for back to back, multiple projects (not simultaneously).

There are multiple streets with the same name and other factors so it is not about break ins for me.

.🛠️ They take abandoned homes and turn them into safe places for families🌱 They bring life back to neighborhoods that others wrote off 📚 They create spaces for small businesses, nonprofits, and neighborhood services.They’re not just chasing cap rates—they’re using their development skills to give back, one property at a time.As a former Director of Lending at a CDFI, I exclusively financed the acquisition and rehab of 2-4 MF and small apartment buildings that overlooked by local banks and credit unions.Nearly all my clients had 1 of 3 things in common (many had all 3) that motivated them to complete their redevelopment project, they either:1️⃣Grew up in the area,2️⃣Still attend church nearby, and/or3️⃣Have a family member that still lives in the neighborhoodAnd here’s the thing:↩️These impact-minded investors still make a solid return, often with Equity Multiples over 3.0x.

If you have never done this type of building I strongly would advise against it as you will need an architect to design it but also on your side need someone who can manage it and no how to oversee the contractor - unless you engage the architect to provide construciton services to oversee the GC.USG Shaft Wall Systems Catalog (English) - SA926 

If the sale was "as-is" after multiple inspections, you may not have much strong footing to stand on - just FYI. 

Hud requires 70 sq ft for a bedroom for one person and 50 sq ft per person for multiple people.  

However, you've already mentioned four markets and multiple strategies -- a flip in TX, STR in GA, private lending in AL, and soon to be a licensed realtor in HI.