@Thomas Ackley's answer was perfect, LOL - a lot of these risks can be mitigated by choosing a really good market that has favorable legislation and local economics/resources baked in.  

Our investment thesis: We are looking for commercial multifamily properties.Property criteria:Between class B and class CBetween 6 and 18 unitsValue-add upside85% or more economically stabilized

Making it solely an airbnb place didn't look economically profitable either plus I am physically far from the place so can't monitor much of the airbnb myself.

This is likely the case with many markets right now, given the strange economic circumstances we all find ourselves in, but I find this detail is worth mentioning because when you’re running your numbers I would be sure to start at or above list price.

Have them look at the economic development in each area as well for future growth.

Our economic diversity, attraction of new residents (Hello, Californians) and favored-status with expanding companies are all contributing to a strong economy and an even stronger housing market.This is no fun for real estate investors trying to uncover bargains, but investors are buying properties here every day to build their buy and hold portfolios. 

If you follow the World Economic Forum, and their insane desire for a global economic "Great Reset," where normal people own nothing and have no privacy (like Chinese "social credit" only worse), you can really see how they plan to accomplish it.

Would getting a more robust policy that covers you completely make this economically unviable?

                                                     Economic Update                                           (Monday, November 30, 2021)The shortened Thanksgiving week was a relatively quiet period for our economy.

The population and economic growth is through the roof.