Even factoring in realtor fees, your taking a $15k+ haircut, at a $240k FMV.

Then, also nearly every time, that contract falls through when the Buyer wantonly asks for a huge haircut, takes the Seller off-guard and everyone gets mad and cancels. 

How the haircut will be shared or allocated, if at all, will be told soon enough.Nonperforming paper is in a pricing limbo, obviously the moratorium is affecting that market.  

Hi Reggie,Maybe the Salon business just isn't for you.You could always call a Business Broker and ask how much you could get for it if you sell it (and what a good going market lease rate would be for a salon of that business amount).If the correct person owned it, maybe it could make a lot of money and be a good tenant.Also, it would be intelligent to run the idea by your Tax CPA (who knows your books for the Salon and for the rental part of the business) first to see what the tax impact would be of a sale like this.Maybe for the right person--who YOU THINK could make a success out of it--(such an already established successful salon owner with other locations), an OWC might sweeten the deal.And if you sell it, be sure to tip the girls good when you go in for your haircut--because you're no longer the boss--you would just be a rich landlord customer.Good Luck!

Like during WWII, the Fed will cap yields at some low level, so as sovereign bondholders realize they the ones who are going to take a haircut, you could have an epic amount of capital come racing out of bonds looking for any yield and even just 0%.

What also is not being said here, is if they make the owners take a financial hit, then make the banks take a haircut as well, it would make for a terrible chain of events.

It may only earn 1-2% but that is a lot better than having the savings in stocks right now that just took a 20%+ hair cut.

So, we had to choose between remaining vacant or taking a 20% income haircut.

So you'll either have trouble selling the property or take a serious haircut on the price from a landlord buyer who knows they won't be able to raise the rent for the next few years.Lastly, you don't list what state you're in, but you should know that if you're still considering a 5 year lease after everything I wrote, in some states a (residential) lease that long has to be notarized to be valid and in other states a (residential) lease that long isn't even permitted/legal. 

If you had to have your haircut, and the barber cutting your hair learnt how from discussion groups and blogs, then perfected it through trial and error, how confident would you be in the results?