Side question, assuming that you have a pretty strong income from work, would you hold your commercial real estate as long as you can and to by another on top of the existing one or would you 1031 to a bigger commercial real estate instead?

Still a great market for owner occ/house hack, but again it's not a high income area so rental rate is going to top out a bit in my opinion. 

And then in comes the junk....we're now at 20 cars, a bus, an RV or two, a tow truck, washers/dryers, and even an airplane fuselage...yes you read that right.A bunch of us neighbors called the County of course and they sent out a Code Enforcement officer.

A far more successful method would be to increase earnings, reduce spending, and save up.

Maybe some price appreciation on property would occur and I'd have depreciation to offset rental income and such.

House hack potential of adding two separate rental income sources while living in the main house.

I am open to exploring lending options from reputable institutions or negotiating favorable terms with the owner, including the possibility of owner financing.In terms of financial readiness, my wife and I, both employed off the farm, collectively earn approximately $100,000 annually.

As far as a multi, personally if all things were equal I'd go for the multi for a few reasons.  1) Added diversification.. if one tenant doesn't pay, you can still cover property expenses with the other tenants 2) Shared capex... typically, one roof and one property to maintain but multiple streams of income 3) Less vacancy.. usually multi's rent for lower, for example one of mine is the sweet spot of 3 bedrooms for $1300. 

I would also recommend asking for reimbursement for lost income and sending documentation that substantiates the actual amount of rents you are out while this matter is being resolved. 

The conversion from resi to comm + the added income could drive up the value dramatically.Your only real hurdles (in terms of proceeding with production) are zoning and permitting.