[fred cook]

A few years ago, I had a piece of commercial property (4 suites in one building) that was in a great location, just a couple of blocks from the town square with lots of traffic exposure. I operated it as a rental property for about 35 years and always kept it rented and made $$$ ! When I got ready to sell, I put it on the market thru a realtor friend. She suggested a price to ask but I told her to put it on the market at a price about 35% more than she suggested. Remember, with real estate, it is location, location, location! Shortly, I had a firm, cash offer for my asking price minus a few thousand for desired repairs/updates. I wound up taking the offer mainly because I was tired of being an out of town landlord. The point of all this is that as a buyer, you have a couple of things working against you. The first is, how badly does the owner want to sell? And the second is what is the realistic income potential from the property? The third thing that I had going in my favor was that my property had not been on the open market for almost 65 years and this was possibly the only chance the buyer might get to buy it. Good luck with your purchase efforts!