The interest rates and terms seem pretty attractive.

If your market is 10% vacancy, you should be under 5% by providing a better product and attracting better tenants. 

Is it near a college, hospital, or something else that attracts certain tenants?).

Use a policy's cash value to provide hard money loans to other investors, earning attractive returns while maintaining control over your assets.

(Other rooms too I’m sure) The options may not be as attractive and appealing on a flip as we see them for our apartments but I know our tenants love having the $35/month electric bills once we get done installing the LED fixtures throughout all the units we rehab.

Just looking for someone’s expertise if this would be better to rent long term, as this area seems to attract young families or would we be able to rent more mid-term.

So a lady calls me asking for a refund, I refuse, and then she proceeds to tell me she represents "Lorrie Morgan."

It sounds like you may have a reason for citing that number, I'd recommend that you work on articulating what the real underlying reason is.I have found that entry level housing, the type that attracts families that are moving up from apartments, leads to great long term tenants.

I'm actually surprised it hasn't affected tourism more yet but that's probably because it's cheap and so it attracts price conscious tourists, especially in a period of high inflation.

Quote from @Liam Kingston: If the area's attracting new folks and you're eyeing potential, mixed use could be a winner, especially with the school district's appeal.