Many new investors fall into the trap of doing a lot of nothing in order to get ready to actually do something.The key is to get a laser focus on getting a deal under contract.

She has won multiple awards and has >80k followers on her hair instagram!

Unless you are running large draw appliances like window unit ACs or electric dryers or microwaves and hair dryers on the same circuits there is no reason they won't work.

The biggest concern I have moving forward is effective management as a landlord/my own tenant and choosing roommates who won't make me want to rip my hair out!

Coffee shop(1200sqft -- Rent 1050/month on a month to month-- been here 3 years), laundromat(2800 sqft-- rent 2050/month with 6 year lease-- rent increases by 225 next year and in 4 years-- been here 5 years), and hair salon(800 sqft-- $850/month on a month to month-- been here 15 years).

Figure out what areas might work for you and then focus like a laser to find good deals.BTW: I think you're being very optimistic to expect 8-12% cash-on-cash returns through a passive syndication.

So issue this poses in this case is that technically won't they be disqualified from being property tax exempt since they'll be the legal owners of a hair salon and apartment which are for profit business es? 

Investors need to be patient and laser focused on their own personal investment strategy so they do not get caught up in any new hype and stick to the investments that fullfill their personal plan.

Well anyways that's when my mother and I opened our MediSpa company, New Looks Laser Center & Mobile Laser, in Tucson, Arizona back in 2004.

Ok one more question then I'll get out of your hair.