One of my main questions pertains to real estate rentals and I believe that the answer would help me in designing my investment strategy. 

That was the main point of what brought me to writing this discussion.

16 unit apartment building located right on the main street in town. 

That is one of the main reasons to take that path so that you can vastly increase your equity immediately.Your "cons" of 1 BRRR is throwing me off. 

Also this is a main road where there is cars coming consistently. 

  - last week we rented a dumpster and completed all demo, including kitchen cabinets, appliances, laundry room,  and main plumbing wall, and I had the old-inwall furnaces torn out.- I was able to get all the electrical wiring repaired. 

We did do a lot of the extra's to attract better tenets and create long term resell value.

My main questions for starting out would be if I should I go with multi family or single family and should I go class B or class C properties?

They have good bigger "main event meetings" and they have subgroups which are more intimate settings based on a specific area of real estate.https://www.lasouthreia.com/learn/upcoming-events/

If we are looking at a house for both of us strictly, we need to look at a different price point (more around 180k range) and than consider the next 1-2 years to save for a down-payment on an investment strictly.My question to this group: What are some pros and cons that you think about when determining - peace of mind living in your space vs. looking at the space as income-generating/business mainly?