You may want to consider working with your tax strategist remotely to expand your options.I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return.

Whatever you decide to go with, if you go cheap just prepare yourself that you'll probably never touch it up well unless you have a leftover can.

An estoppel certificate signed by every tenant stating they are in a month-to-month tenancy at how much rent, are they current, amount of security deposit - even if the amount is zero it needs to say that.Tell them now because these will take time to prepare and then the seller has to get the tenants to actually sign them. 

Are you prepared for vacancy loss, taxes and insurance to go up next year, etc? 

In a multifamily property, this entails occupying one apartment while renting out the others.

Take into account elements like diversity, tax advantages, cash flow, and potential for appreciation.Determine Your Risk Tolerance: Investing in real estate entails some risks, such as shifting market conditions, vacant properties, and unforeseen costs.

I've been reading a lot about business books, negotiation books and I seemed to had an analysis paralysis because I felt very stuck even though I am learning and preparing.

Plan on this being a live in renovation, ultimately preparing for the fall semester in August when tenants would move in. 

Does someone have a recommendation for an attorney (prefer Central Texas area) that is familiar with the structure of this type of transaction and can walk thru all necessary steps prior to finalizing financing and preparing for closing? 

@Alex Hamilton I certainly do Not prepare my own taxes.