As a landlord we are responsible for a safe environment for our residents.

I think the rent is undervalued at $900 and $1000, respectively.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

Since the Mixed Building has this commercial component, my banker suggested that I ask the seller to sell the two parcels to me separately, that way, the Bank can offer me a residential mortgage on the Residential Building (30yr/3.45% fixed).With respect to the Mixed Building, he said I would have to get a commercial loan.  

I could rent the units out to friends I know that will respect the property for at least one year.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

Sitting in the middle of an urban environment, it is one of the Crown Jewel buildings in the city in which we call home.

@Kurt Krier I'd up your Vacancy, R&M, and CapX to 8% (1/12 = 8.333% so you basically save up 1 months rent per year), 5%, and 10% respectively.

That shows you respect them and they'll continue to treat your place great.The key to real estate are tenants! 

Don't take on enormous risks, especially in a changing economic environment.