Be sure your company follows guidelines so you don't run into any trouble. 

If you really want the property and don't mind a small gamble put down an amount of earnest money that you will not be upset to lose and that if you were in the seller's shoes would make you feel OK about taking the property off the market for 60 days and make it non-refundable to be conveyed to Seller upon offer acceptance. 

Freddie/Fannie dictate that in their guidelines.  

I had a few appraisals come back from Akron/Clv markets and had the appraiser comment that it is a "down market".If you are targeting the 50k purchases with the 20k rehab and then hopping to refi out afterward you are taking a gamble because if you do not get the 100k value after the rehab you can get stuck in the project or be forced to take a mortgage with a terrible rate.Keep your purchases 80k and up and try to make sure your project costs are over 100k on everything so you can be pretty confident that you'll get the 100k value afterward.

Keep in mind, that general underwriting guidelines disallow first time buyers from these types of programs. 

It's crucial to promptly serve any required notices following your state's guidelines.

Mixed-use fairly simple need to ensure the percentage % of the commercial space versus residential is within guide lines. 

In your case another question could be "Could you share the code section on STR guidelines for condos in the area?"

The guidelines are clear that what counts as occupancy is the place you sleep the majority of the nights.

However, it’s a gamble.