I would highly recommend reaching out to a property management company to help with the leasing.

Having spent several decades in management in a large company, I know that situations can often be quickly assumed (correctly or incorrectly) to be for such cause, so there is more effort required to justify one's action. 

Not so shameless plug here, but I live in NY and started investing in Kentucky without going there until I picked up my third property and now I work for that company as well (from New York).You don't need to go to the State you end up deciding to buy in but its always a good idea to link up with a solid management company is going to keep you in the loop as to whats going on with your property and have your interest in mind.You should get an LLC and register in the state that the property for tax purposes. 

Hey Noe, the companies willing to insure mixed use buildings has changed drastically in the last 12 months, and will change again in another 6-12 months. 

It usually will be more money for you and you are hiring a licensed company to act as a fiduciary rather than a stranger trying to run a business in your property.

The company approved the first tenant who had been god awful.

All of that may give you a better insight to the company and culture.Good luck and best wishes.  2024 is going to be a tough year, but plenty of opportunity to be successful.   

Each company has different guide lines.

Is your plan to self manage or use a property management company for the future?

Hi Karen, when you find a buyer and have both signed the sales agreement, you will then open escrow with a title company.