Quote from @Julia Lyrberg: Investing in Austin's real estate market can be challenging due to high property prices and market saturation.

Those alternatives don't exist today (generally) so you should be fine just saying its financed. 

So in your example, buying a trackhoe might grow your business or create greater profit by eliminating some outside costs, or letting you take on bigger projects, or speeding up existing projects, etc (just an example).

Does anyone know if the mobile homes we purchased existed?  

I do mean 'Millionaire' not multifamily, but wish that one existed!

Tertiary markets can be cash flow heavy but tenant/asset risk exists.

This eliminates the requirement for a new down payment since you are refinancing the existing debt.Lenders typically require:A copy of the owner-financing agreement.Proof of on-time payments (6–12 months).What to Do:Find lenders that offer rate-and-term refinancing for owner-financed properties (portfolio lenders and DSCR lenders often do this).Maintain a clean payment history.” 

I am debating about the converting the existing old gutted building to either multifamily building (6 units each around 500 sqft small studio) or mix of 4 residential and 2 retail/restaurant conversion (the back side of the property has Big enough lot for outdoor dining or any other use cases.Any recommendations for use case of pure multifamily or mixed of multi family and retail?

Sadly the property no longer exists; it was at 22 Riverbend Drive sitting on the Swannanoa River, and like all nine houses sitting on the river, it was swept away and floated down the river.

The market is priced too high to buy existing locations in my mind.