Why hasn't your property manager already answered this question?

My plan would be to keep the front waiting room as a small commercial space and the back offices as efficiency units or studios. 

The tenant wants to stay another 2 years.My other adult properties have often had long-term tenants.

While it might feel like an extra charge to tenants, these packages often provide value that indirectly benefits the property owner as well—like reduced maintenance calls or ensuring the property is better protected.In my experience managing a large portfolio of properties, these fees are becoming more common due to the thin margins in property management.

For several reasons (property taxes, politics), I would prefer to begin real estate investing somewhere other than locally. 

Luckily mine was zoned commercial and so the regulation didn't effect me and actually helped as it greatly reduced the supply in the market. 

Do you have 10 properties financed? 

A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.

I know a common practice (at least for syndications), is to create a separate LLC for the property and then raise capital once the deal is already under contract.

I'm currently building up capital for future ventures and properties that I find on market, as well as attempting to find the best brokerage where I can work under an individual who is already more established.