Part of the space would be used by the owner/operator for his business (I am an investor in his business) and we would lease out the other space. 

It seems like you observed your friend making out with it, its easy, so you will do the same.

My observations: it's harder here than "down the hill" to find good contractors, tradesmen, etc, or at least the good ones here are too busy. 

Again, that's all fine and good but the numbers have to work which is why I was hoping to speak to someone with first hand knowledge of owning a property or properties in the town without an axe to grind like the Seabrook sales people.On the issue of negative STR regulations roughly half the houses in the town are in their rental program currently so I don't see that as an issue in the future as an investor as it's baked into the town's business model and not likely to change.

The very high income investor typically 700k a year and up income with job or business who is busy but gets googly eyes looking at some pro-forma high return and have no clue what they are looking at.

I had a calm today with Royal Legal solutions as I own three businesses in California and need to move them to a trust and start shielding myself and succession plan as well.

You can use the proceeds from a DSCR loan for anything business purpose.

Getting into business with family only ends in one of two ways, and its often times not positive.

To move someone out because they are having a hard time does not make good business sense, unless, you have the proper information.

This was the expansion phase for businesses, I went hard here myself. with interest rates rising 250 percent, you need to recalibrate your system and look at your portfolio.