2nd Property, 1st commercial.

[Edmund Burruezo]

I have one rental property that is paid off and brings in 650 +cash flow each month. 

My father and uncle have had a commercial building that they own free and clear with 3 units on a major road in a major metro area. They have managed it for 25 years and it has been in the family for over 50 years. 

I am leaning toward making an offer that never exceeds market value for my uncles share. It is currently listed well above market value and there are no serious offers due to the inflated price of the property. Is this a no brainer for a novice investor to add a property like this to his portfolio? It brings in 1200 net cashflow every month and my buy in would a very affordable price. I would hate for this prop to leave the family and I feel I am in a great position to get involved.