I would love to hear more about what other investors are using to evaluate commercial property and also what they use to determine appropriate lease structures?

And after the work is complete the tax man will show up and re-evaluate the property. 

I've unlocked some more specifics (I'll round off numbers):Principle: 103kEstimate out of pocket to bring current (HOA + Arrears) and attorney and repairs/flooring: 25kProperty value in this area - easily worth 150K with comps, but could be as high as 165K+Rental cashflow conservatively at $210Numbers on flip seem to put at a loss with realtor fees, closing fees again and holding costs for a few months.It doesn't make sense to me - all the ways I've flipped and evaluated numbers and what it would take for me to make this happen vs. the return and risk (although, I have the pieces lined up to move forward today if I'm ready to say "go").Appreciate your input.

Should I go 10% for the sake of evaluation?

Working as a plumber, electrician, carpenter or any of the trades means you'll always have a Plan B and it will give you a head start on evaluating properties.Good luck in whatever you decide!

I do recommend always consulting with a securities attorney to evaluate your situation and to provide appropriate guidance for maintaining compliance.

I have been stuck on evaluating and analyzing without taking any more steps forward.

Secondly, if you use rules of thumb for evaluating expenses, you will either be missing out on great opportunities, or will be overpaying when expenses turn out to be higher than expected.

There are many different ways to evaluate a property. 

Then re-evaluating market conditions after the second year.