Any suggestions would be appreciated .

Depending on the type of commercial you want to get into my suggestion is to go work for a company that does commercial real estate as learning from people who do it and getting paid at the same time is not a bad strategy 

@Joy Daniels - All good suggestions above!

Would you suggest subdividing the property, building a single house, or building multiple cottages/ tiny homes?

I would suggest house hacking and/or creative financing.

A minimum 650 credit score, as some have suggested, won't work for a Class C property.

We've sent out a cohost request and most hosts are asking ~22%, which is higher than what ABB suggests - but seems to be in line with what traditional local prop management places charge.My question: Long term obviously it makes sense to learn to do this all myself and be self sufficient.   

.: Application/Screen every tenantIMO I wouldn't allow pets since it wasn't leased with petsOtherwise a non refundable pet feeI would charge at minimum 350 upfront per pet or not allow them at allThe Realtor who sold me the property and helps me find tenants, suggested $500 nonrefundable deposit for 2 cats and $25 a month each.  

@Daniel Green some good suggestions and really high performers on this thread, you are in good hands. 

Can you suggest a few good insurance providers that operate in that market?