Building is well established and anchored by a women's health & beauty spa and a large regional mortgage office with a healthy mix of long term tenants ranging from Yoga studio to Interior Designers.I currently own 12 residential units but this will be my first commercial investment. 

Any walls removed or added also need to be seen to make sure all hold downs and proper anchors were used.

When you have tenants that are not paying the rent for months, put an anchor in your offer that you will not buy this property until all the tenants will be evicted.After the eviction process make sure you will do another walkthrough to check the property status is the same as it was during the inspection period.

If tenant is credit tenant and other smaller tenants are not high quality then does not usually affect as much as tenant default for small GLA does not typically impact bottom line much nor do you usually lose anchor draw for the center.It's not just about rental increase it is about CAP rate.

I didn't anchor at a higher price to be able to come down to where I wanted it and am not sure I've set a good precedent with negotiating rent increases.  

Then you get into size: grocery anchored retail, unanchored retail, neighborhood mixed use, etc in the retail side.  

The investment needs to be analyzed on a number of factors such as retail stores in the investment, anchor stores traffic patterns in the area, etc.

To answer your question on pricing there is a mixture of data that goes in based on previous sold comps of vacant / unimproved rec land and we offer a percentage of that to set the anchor for negotiating. 

The resulting fundamental-driven higher house prices may have fueled a fear-of-missing-out wave of exuberance involving new investors and more aggressive speculation among existing investors.Another important long-run anchor—tied directly to housing affordability—is the ratio of house prices to disposable income.

You’ll have transactional inefficiencies like sales commission, but I’d cut the HOA anchor as quickly as possible.