In this manual (which I assume could be modified to provide to tenants) I include all the financing information (which you would not include for tenants) bank accounts, mortgage accounts, payment information, and mortgage payoff), a list of the contractors, what each contractor does, a list of upcoming planned or necessary repairs, and a copy of all leases associated with the property.

Assume a 5% appreciation, and the new PV would be $2.1M vs. just $735k.

@Alecia Loveless is correct--tenants need access 24/7 to their electric service panel, water and heat, assuming those are individual utilities for each unit. 

I like the location and the price is 650kFor mixed use properties as you describe (and I'd assume is located on SW 10th St.), I'd recommend that the residential units fully cash flow the loan as my experience is that mixed use properties are tougher to finance as most lenders tend to prefer one or the other and something in the middle gets more difficult.For example, and granted I don't know anything about the area/neighborhood, I would expect this property (https://www.realtor.com/realestateandhomes-detail/111-NW-Har...) to be easier to finance than the mixed-use property you mentioned. 

(Assuming quality of service doesn’t decrease.)No matter how you look at it, that is a ton of money.

Look for assumable loans in an area that you'd want to live.

And I'm assuming the comp is typically 1 point, i.e. 1% of the loan amount?

There will always be people who want to rent by one but I wouldn't count on one raising property values - I would in-fact assume the opposite.

For me, I am a little hesitant because I would be in a situation where I would be trying to secure traditional lending (which should be very feasible given credit scores & what $$ amount I am pre-approved up to from my banks), meaning that I assume I would be forced into using my first-time homebuyer loan incentives.

But assuming thsi is something you plan to pay back in 2-3 months the interest rate shouldn’t matter.