Most municipalities have different mix-use categories which dictate the precise commercial use that's allowed.A few additional observations on mix-use assets and how I approach them (1) they are generally more difficult to finance than multi-family assets so expect lower leverage terms even if the property performs just as well if not better than a multi-family property and therefore price this into your acquisition (2) I focus on mix-use assets where at least 80% of the income is generated through the residential component.

I am casually looking in 2 markets away from San Diego but I am not expecting to achieve the return that I have historically achieved in my local RE investments.  

More so than industry norms, the tenants expectations will be based on what is currently in place.

There are three items required to make a successful partnership - Time, Experience, Capital.If you are a syndicator, you are likely expected to have time and experience.There is a lot that goes into being a competent syndicator - Proper communications, finding a good deal, communicating quarterly updates, networking with lenders, contractors, PM companies.You can gain experience by doing your own deals or working for someone who does(Ideally both).I personally think you should cement your experience before worrying about OPM.Best of luck

We've had luck where if the family is able to move back in to their home earlier than expected, the relocation company has been OK with us looking for new residents without the company requesting a refund for the overbooked days.

. - Expect rehab costs to exceed initial estimates (maybe double)!

Two things:  1) You must find a real estate deal that fits your needs, so expect to have some due diligence here. 

Chris and I actually buy notes directly from the fund Chris mentioned, however, it is rather hit and miss as their pricing expectations are sky high. 

I’m not expecting any appreciation but the cash flow is good.

Big note is that you need to have ComEd involved, so expect to have it permitted out.