Check online what similar properties have sold for in the past few months.

4) Since I have referred so many commercial deal in the past, I really do not want to refer this one. 5) Since it is family and they are aware I have no experience in commercial real estate, would a brokerage be more lenient inletting me do a commercial transaction? 

I think most of us can agree we're in the seller's market phase of this RE cycle but is this different than other phases in the past? 

They sometimes overlook the free use of the space with no utility charges for at least the past 5 years when calculating their justification.My self-employed parents own the building, it is the source of their retirement income.

By the year 2020, taxes will settle to an overall rate which will be LOWER than what we've been paying in Hammond in the recent past.  

We are planning on purchasing more property in the area in the next year or two.Every time we get a new question, a new situation, a new anything, we create a templated response that we put on our smart phones so that the next time that same question/situation comes up, we just change the "Hi xxxxxx" and then paste the rest in. 

Over the past 10 years those three Western states have seen tremendous appreciation so make sure you can weather a downturn in values.

I know the Chicago market has really heated up this past year.

this is a common theme of course on BP its pretty much every day.and you pretty much have all those that live in a market target a market .I like @James Wise cut and paste responses he does .. he nails it well and its worth cut and pasting every time someone ask the same question that has been asked 1000 times.I like to Add James that when going out of market.. also if you simply buy at the median price points of any given MSA your buying in an area were you have a lot of homeowners buying generally... so you get a mix of cash flow and appreciation and or more important you have a defined exit IE you can sell to a homeowner as opposed to buy at the bottom of the price point and the only out is to an investor..And Frankly your company is kind of a unicorn in the US.. there are not many companies like yours that specialize in reselling these assets for individual owner/investors. 

The thing that irritates me the most is that she hasn't raised the rent in the past 3 years.