Your there in the mix of it, literally right there in your back yard your seeing this done all the time with STR. 

Her credit isn't the greatest, but she's super sweet and a hard worker, so you are certain it will work out.

Quote from @Daniel Baker:  You are mixing apples and oranges. 

I would definitely start off renting most units as LTR and slowly renovate and furnish units to do MTR, having a mix of both. 

There's no difference in a local flipping a house than flipping the small mixed-use building that is vacant in town into a couple commercial units and some apartments above. 

Yes. build to rent in urban core adjacent neighborhoods. traditionally in our market in Columbus Ohio existing inventory was good 2014-2020. as prices rose, the cost to build started to match existing inventory prices because of supply shortage, especially for 2-4 multiunit dwellings. around that time we started to look at new construction and land. we found that land is a 12 month or more supply in our market which makes it a buyers market and you can design any structure you want in new construction. if you like a layout or floorplan all you have to do is design it. after that we looked at the right unit mix and Floorplans and layouts. we started looking at high rent per square foot layouts that were better than single family.

Quote from @Cari Sweet: Overall, I agree with Kevin.

@Mike BurkettI am currently speaking with Elite Funding Group LLC on a mixed-use property.

However, I've heard mixed things about the rules, risks, and potential lender restrictions. 

Haha, no bartending experience here, just trying to mix the right ingredients for a good deal!