At the very worst case, as Alanna mentioned you could convert it to a LTR.

This means you can buy a SF and convert or build a separate unit.

I am debating about the converting the existing old gutted building to either multifamily building (6 units each around 500 sqft small studio) or mix of 4 residential and 2 retail/restaurant conversion (the back side of the property has Big enough lot for outdoor dining or any other use cases.Any recommendations for use case of pure multifamily or mixed of multi family and retail?

Rent would be ~$4500 for the new tenants and the ADU could go for $2-3k if we converted the garage. 

I think there's potentially a different feeling when you convert a personal residence to such an investment property versus purposefully buying an investment property. 

So yes it can work, but you also need to be able to convert the responses you get into closing.

Purchase price: $326,000 Cash invested: $19,900 Sale price: $460,000 Basement was already set up as another unit, so I bought furniture and converted it to an Airbnb while living upstairs.

To fund additional investments, consider side income, creative financing or creating a timeline with your co-owner for converting property B into a rental to generate cash flow.

In a dream world - the comprehensive solution does all this: *task management and sequencing where you can drop a property into a sequence ie day 1 call, day 2 mailer (have it automatically mail out something like a postcard) day 3 etc etc etc*project management outside of the outreach sequences for what's next in the process ie schedule inspection, send the contract, etc etc*ability to have multiple users drive around and if you see a property you can tag an address and add it into a marketing sequence, and also track the streets you've hit so you're not wasting time driving by the same houses more than once *dialer (ability to parallel dial numerous numbers simultaneously to make cold calling more efficient - Ive used tools like orum and kixie in other industries, and when you receive a pickup, the other calls are dropped) *skip tracing/data provider *website landing page for converting online visitors to leads*electronic signature/docusign*secondary branded landing site on different URL for blasts for deal disposition to your buyer listWhat am I missing? 

Guys, I'm a reformed syndicator who has converted to being a passive investor in syndications.