Owner just needs 45 days to move out, is motivated to become a tenant if buyer prefers to not renovate until next year. 2nd floor tenants are on a month to month lease for $550.

I have a property listed for 375, 000 Has a business using 7,000 sf of the first floor it has 3 total floors with a total of 21,000 sf I may have the deal worked to buy the business which will pay the building 2000 a month in rent .

If the mobile is a mobile home on a rental space, it's quite different. 

We invest in this space.

Are there specific topics you think more people in the space should know about that we could open up for discussion?

Btw we are not financial planners by trade, but work pretty adjacent to this space.

With drugstore closures sweeping the U.S. and Canada, developers are turning empty locations into innovative spaces.

Some localities have gross rent floors that you have to hit before requiring an occupational license. 

To answer your question about the 203k, yes this property would qualify in this scenario as long as the residential portion of the property is larger (51% or more) than the commercial space. 

It will take a huge amount of work to upgrade the property which has not been properly maintained, so we'll be doing a lot of infrastructure rehab including adding HVAC/AC, upgrading the wiring, and bringing the old floors back to life.