Are you suggesting this as an alternative to taking a period of time to save up the capital?

I think it is easier to find a deal if you are house hacking since your deal doesn't need to be a home run; it just needs to be better then the alternative (paying rent).

is there an alternate use to put in there following the restaurant. 

As an alternative you could look for a walk-out, lock-off basement and add a small kitchen/kitchenette down there to have your own space away from your housemates.

I have used Hardie board under the LVP and had much better results, but it drives up the cost.It is cost-effective and there are not a lot of good alternatives at the price point. 

Continuing with the example above the government then decided to provide an alternative to setting the building ablaze.  

He is over priced but it's close enough that we might find alternate means to make the deal work for both of us.

Alternatively, you could take a loan against your 401k for that initial amount.Once you’ve secured the property and paid the 5%, you can then work with a private money lender (PML) to close on the property once the deed is ready. 

Many alternative lenders have internal guidelines that prevent against lending on assets with any commercial components.

Were seeing a lot of BRRRR refinances in the sixes rate wise recently - rates have been a bit volatile last couple of weeks but some really solid BRRRR deals going on with DSCR considering the short seasoning periods and rates really competitive with conventional alternatives