Then it will become a profit center.

Ask, "What can I build here, and how profitable will it be?"

I’m presuming profiting as well.

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.

The one pro I see is it’s pretty hand off and can still make a profit.

Even then, you would need to make an investment that would generate enough depreciation to offset that income.

Constantly evicting people is expensive for a variety of reason and sinks profit.

Also have reached out to tons of agents I have connections with already and not having much luck, so I want to focus on generating off market leads.It's my goal to get really proficient at cold calling.

The profitability is very depend on the lease you negotiate with the property owners.

You often only have to worry about tax upon the profitable sale of an asset.