In an  Office or Industrial project, competing business can co-exist as neighbors because they are generally providing a service for which the "playing field" is away from the property.

If you buy now and in 5 years have $50k to play with, buy another property.  

You can use a DSCR loan (you can find lenders by using the "Find a Lender" tab on BP) and not have to worry about a tax income or W-2s, the underwriting is done based off of the property's cash flow.

We never took out the equity from the property; however, if I were to do it again, I would likely have done a cash-out refinance or a HELOC so you can pull out the equity and roll it into the next deal.

We started playing around with AI Callers for inbound lead appointment setting, the results are pretty encouraging.

Professional management and screening will have the largest impact on how your investment performs month to month from a cash flow perspective. 

If you own the property in cash, you can get away with whatever insurance you want and can even get $700/yr for a duplex.

Her and her bf plan on converting a section of the house to an attached ADU to help with bringing in some cash flow and renting out the other bedrooms to some friends of theirs. 

Fannie: B2-1.3-03, Cash-Out Refinance Transactions (02/01/2023)Freddie: 4301.5(a) 3/6/2024

If cash flow is more your focus, consider multi-families in Dayton and Cleveland, where you can see cash flow rates of 10-18%.