It consists of an 8 unit apartment building being sold with a single family home next door to it, each on their own parcel.

You could also team up with another investor to afford better deals or start wholesaling to build cash before buying rentals.

I believe some of their people are likely here on the forums and can jump in, they also had a booth and sponsorship at last years BP con so if you went you may have seen them.I came across the service because I had a client who was going to self manage, and wanted me to lease the units for him, and the property was a mixed use building with his business operating out of the ground floor. 

I'd feel comfortable investing ~$50k to start off.

If not, they may consider building the ADU and down-sizing into it and renting out the main house.

Start building relationships with retirees who want a better return on their money.

I'll start there! 

Economic progress is rarely a straight line, and the key takeaway is that while inflation is still present, it is not accelerating out of control.Much of the increase in prices can be attributed to factors that often occur at the start of the year.

looking longterm who knows what's going to happen in the market.The largest thing to be cautious about is that with commercial tenants you as the owner often have to put up money in the form of a check or abated or free rent to help the tenant get open for business and build out the space. 

More people have always lived there because of the history of economic development near the oceans coupled with tight supply and limited high-density building.