I am getting mixed answers from the two lenders in my area that do USDA.

It depends on where you are in regards to other structures if you are in a residential neighborhood of primarily SFR it may not be doable, if you are mixed in with other multifamily and commercial it might not be as big of a deal. 

However, allocating 80% of a building to low/mixed-income housing is a bit aggressive given the neighborhood character and the potential effects of that understandably violate the basis for why so many people move into Jefferson Park.

For example: an appraiser will not take into consideration googles announcement, only sale comps and competing properties.Often times the correct answer is a mix of both inputs.All that said $200k sounds low and I don’t think anybody here would recommend taking any action before at least getting an appraisal.

The building is a mixed use commercial/residential with about 40 units. 

@Matt K I’ve heard mixed things about finding deals through MLS.

@Seth Parmeleewithout doing a full due diligence, i believe that was a mixed bag of tenant and park owned homes.

To keep probabilities within the realm of reality, it's best not to mix-and-match "VA Loan" with "Fixer Upper."

It is also a great mix of cash flow and appreciation.  

The downtown is comprised mainly of smaller commercial buildings with mix use of restaurants/store fronts and residential apartments.