- convenience store - is there a section of the property that is used as a convenience store?

I cannot speak to the impact to local businesses, but of all my rentals, the ones I am least concerned about are the college rentals, which have, along with almost anything associated with higher education, had a fat enough margin to survive far longer than a 1-2 semesters of unexpected vacancy. 

Or you could just do a straight long term rental, or live in it yourself, or use it to store your collection of Beanie Babies.The only "have to" (in addition to whatever restrictions are in your agreement) is what happens at the end of that two year term.

Another question I have is, is it possible to invest that $112.5k into an actual business, like maybe a gas station or store if I find a good opportunity?

Consult with a local store that sells seed or a landscaping company in your region.

Purchase the Beginner Books at store: How to Invest in Real Estate, Set for Life, The House Hacking Strategy        5.

Mine on the contrary are mostly students or frontline workers like cashiers, store managers etc.

I don’t have a tank to store oil, but I do have a fairly large 60 x 60 ft metal building which is weather proofed.

Has anyone used Apartment Loan Store as a lender for a small multifamily building? 

And no you don’t have to hit a home run, but Warren Buffet talks about waiting for a fat pitch.