Because of its proximity to the Common and downtown, it could easily get $200 a night in the off season, and $1,200 during September and October.Very long winded, but all that is to say, we’ve done a lot of planning and research, and now we’re exploring how to actually set this in motion.

I found commercial building on LoopNet and want to explore buying it. 

I would also explore the different rental strategies- long-term, medium-term, short-term, or rent-by-the-room.

I have been studying for the past six months by reading books and listening to podcasts, and exploring the site's flow and insights. 

exploring different options right now, might start with something temporary for now and then maybe change things permanently later if the codes allow itit's definitely a bit of a strange building...but the whole building is built like that so maybe that's the "in" thing these days hai am sure i will have a zillion more questions down the road...thank you all!!

Can I explore an option of getting the regular mortgage for a part of the balance?

Caveat to OP...find a lawyer to work with what the particular rules are in your specific county, and if they are any different, or if there are any caveats here regarding your obligations that we are not exploring. 

Your insights and recommendations would be invaluable as I explore these avenues.When I'm not immersed in real estate, I enjoy traveling, listening to music, and cooking.

@Mike Ghajari - Happy to help you keep exploring OKC when the time is right.

Have you explored those?