Any advice on how to navigate this?

Now were back to a mare normal world where a person has to have that skill of forecasting, analysis, ability to "read the tea leaves" for where it's all going and if todays acquisition makes sense. 

Good you are researching this topic - I also love subject tos and have written a book on the topic.  2. 

I was recently exploring a two-story commercial building for sale on a corner in a growing downtown area.

Hello BP,The Producer Price Index (PPI) is a valuable metric to monitor, as it measures inflation from a business perspective (what businesses pay for services/goods) that isn't always reflected in the Consumer Price Index (CPI) or "inflation" which is commonly discussed in headlines and among other investors.

Neighborhoods to invest in is a more subjective topic as that is often dependent on the type of investment you're interested in, your price point and even the type of tenants, if that's the route your going,  that you are trying to attract.

As for not feeling like it's the right time, I would urge you to focus more on the goals than your feelings. 

You will be taxed on way more than $150k, and also this $150k number is totally irrelevant for the tax calculation anyway.

@Arlinda RexhoWhen considering a 32-64 unit multifamily property in Texas, focus on strong locations with population growth, proximity to amenities, and low crime rates.

You do not owe the seller any explanation on this.