Shop around.What about lawn care, snow removal, and admin/professional fees?

I have my eye on a commercial property that was an original tiny local grocery store and another shop.

I would recommend that you take some time off & congratulate yourself for having worked so hard & fruitfully all these years where you are financially better than 90% of Americans. 

I'm shopping in Long Island NY and it seems impossible to buy using the 1% rule in this market.I've done some more detailed analysis of deals and it seems like 0.8 might be appropriate here; mMy analysis works like this:Run comps for rent and determine market rentCalculate 85% of market rent and I have my "effective rent" (deduct 5% each for vacancy, management, and CapEx)Calculate PITI (principal, interest, taxes, and insurance)If effective rent > PITI; property cash flows?

Myself, I know 5 basic chords on my cheap guitar, so I'm not shopping for fancy gear at Carter Vintage and not joining musicians communities.

I know North American (small) property developers who decide to start doing property development in Latin America on their own.

I have however gotten business loans (American Express) by building a relationship with them (first a business charge card, a business loan, and then business credit card) over a four year period.

I can see how malls in a downtown location, situated across multiple floors in buildings, being converted into living spaces. https://www.businessinsider.com/americas-first-shopping-mall-is-now-micro-apartments-2016-10https://gizmodo.com/7-dead-shopping-malls-that-found-surprising-second-live-1634073681 

Other areas, such as downtown Blowing Rock, are always packed because of the cute shops shops and such, but again, the main attractions are hiking and biking. 

Shops have been closed.