Small town commercial/office space

[Zac Kay]

I’m looking for some advise on a deal I’ve come across. It’s an older Main Street type commercial building in a small town in Texas. It has 4 small separate store fronts plus a very large 2nd floor. It needs a ton of work but the owners have agreed to sell it for $50k. I’d like to run my real estate biz out of one and rent the others out. What are the pros and cons of this?