Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

I've been in the commercial valuation industry for the past 5 years appraising office, industrial, and multifamily buildings nationally for institutional investors.

Read Beginner’s Guide to help you get started: http://www.biggerpockets.com/real-estate-investingBest of luck here at BP Nation.

I read the electricity cost in this area is 10% cheaper than national average.

A national auction house estimates $700k, and a local agent estimates $600k. 

@Mindy NicolRain is not an excuse imho unless it’s a national emergency.

Try contacting Unity National Bank.

The policy quotes I have received from two different brokers, are for insurers which do not have national name recognition (e.g., Cabrillo Coastal, Southern Oak, Cypress Property & Casualty Insurance).

We are on the Eastern shore of Maryland as well :) We run the local REI (Delmarva REI) and have meetups once a month in Salisbury MD.

Minor tweaks to the assumptions can cause wild variations in the calculated returns.The proforma is NOT God.If one steps backs and considers the notion any of us have a solid accurate idea what the world national local economy or interest rates or the real estate market in general will be like in 5 to 10 to 15 years are a heck of a lot smarter than I.