If staying alive is more important than earning a few bucks, I recommend you sell the investment property and purchase a single-family home or a duplex with totally separate spaces so you can control your environment.

If you are converting say apartment passive investors to NNN then might be harder as they might not understand the space as much.My deal are retail value add I syndicate so I like super high income earners that make 500k to 1 million a year or more.

If anything, haven't we learned from Covid that we want/need our own space and that we don't wan't to be crammed with "strangers" in case anything similar happens again?

Look at current market rents per ft compared to those tenants individual box unit space size.

Being able to expand them depends on A) having space available B) getting the required permits and engineering work C) doing the development.

This has been a great preview on the basics of how the multifamily space works, I've learned a lot about underwriting multifamily deals, and working on building relationships with brokers and commercial lenders.The reason why I am focused on flipping right now is to build capital to go bigger.

Like others have said, you’d need to check out the municipal laws and run your numbers to make a determination about the viability of an STR in that space.

I am new to the property management space. 

It sounds like your neighborhood may be a higher-crime area so you may want to disclose it or continue renting for a while to give it some space.

Multi-unit property in great community of Fort Lauderdale, FL8 Residential units 2 Bed / 1 Bath, fully remodeled.2 Commercial space unit.