Mixed use gives you diversification, but be careful with the restaurant size on the first floor. 

As far as a multi, personally if all things were equal I'd go for the multi for a few reasons.  1) Added diversification.. if one tenant doesn't pay, you can still cover property expenses with the other tenants 2) Shared capex... typically, one roof and one property to maintain but multiple streams of income 3) Less vacancy.. usually multi's rent for lower, for example one of mine is the sweet spot of 3 bedrooms for $1300. 

Navigating these from a distance can be more challenging.Market Risk: You might not be as immediately aware of changes in the market dynamics, and reacting to market shifts can be more challenging when you're not physically present.Travel Costs and Time: Visiting your property or dealing with issues may require more time and resources, especially if it's a considerable distance away.In summary, investing out-of-state offers the potential for diversification and higher returns, but it requires careful planning, reliance on local experts, and a willingness to adapt to different market dynamics.

And by evolving into Out-State holding's, now your reducing risk exposure from diversification of market deployment. 

Personally, I don't ever want to bother with individual notes (due to both the hassle and increased risk) and prefer the convenience and diversification of a fund of many notes.

Syndication offers several benefits, including diversification, access to professional management, the ability to passively invest and the opportunity to participate in larger deals with potentially higher returns.That said, it's crucial for investors to conduct thorough due diligence, carefully evaluate the track record and reputation of syndicators, and assess the risk-return profile of each investment opportunity.

Be aware of the regulations surrounding rent stabilization and factor this into your investment strategy.Considering Out-of-State Investments:Diversification: Investing outside of your state might provide you access to possibly more inexpensive markets as well as diversification.

If you prefer a more hands-off approach and value diversification and liquidity, an IRA may be a better option.

Actually, given the opportunity to generate rental income and the potential for risk reduction via diversification, modest multifamily residences could be a prudent investment.Kindly feel free to ask any specific questions or seek advice before starting your next real estate venture.

In terms of the type of investment, multi-family properties often provide more income potential and risk diversification compared to single-family homes, although they might require more management.