Buying/Landlording commercial in a very small town

[Nick Bleser]

Hello BP! I have an opportunity to buy a property with 4 business spaces and 2 rentals. I've never owned commercial but the price is so good I'm having a hard time not passing it up. The catch is it's located in a very small town and somewhat depressed area. The numbers work well and I have room to raise rents but I'm concerned about the local economy.

Does anyone own property like this that could share their experience?

I'm also wondering when owning commercial how much do you do to help the businesses? For example right now one of the businesses spray painted their name on the window with washable paint and they didn't do it very well. I might be interested in setting aside money or allowing them to pay back a small loan for window stickers so they will look legit. I figure if they're successful I get my rent and everyone is happy.

Any information is appreciated,

Thanks!