You need to find more recent sales to determine today`s price.Tax value should only be a general guide but by no means any indicator of present value.I always nail down how much I think I can sell the property for QUICKLY.

It is always better to hire GC with insurance and pay a little more than take the gamble because you might have a pro tenant who might step on a nail in a piece of wood the GC laid down and the GC has no insurance guess who they will go after.

Just make sure to get the rent situation nailed down in the purchase agreement and you'll have no problems.

You nailed it! 

The vacancy could be high for many reasons, such as: 1) High rent/deposit or screening criteria 2) Poorly advertised to potential business owners 3) No popular stores or business types that might attract regular customers e.g. chinese eatery, nail spa, pizza place, pawn shop, liquor store

I think @Ned Carey nailed it

He had already been fed up with being a landlord and I think this drove the nail in the coffin for him.

Patrick nailed it, read the file.

We nailed down new plywood subfloors.

These guys nailed it - numbers, location, and that final "gut feel" have lead me right for 3 deals now....