While I have not yet conducted the analysis, I know how to value the property if it were sold as a single-family home (comps, though direct comps will be difficult), but I am inexperienced with commercial properties. 

If you choose to work directly with the seller, that is your choice but then you might not be able to get help from a realtor.Some relators might do a CMA for a flat fee or to provide you what you need, but that does not prevent them in any case to show the property to their clients..If you want to do this on your own, that is fine, but then you need to do this on your own.If you are starting in real estate, you might be better of working with a local relator, it might save you money and issues down the road.

THUS, as long as you maintain a decent income/debt ratio, and keep your income properties at a break even level or better (after debt service) you can borrow on up to 10 investment properties on your personal credit before you need to get creative with financing. 

Starting November 4, 1992, districts must have voter approval in advance for:(a) Unless (1) or (6) applies, any new tax, tax rate increase, mill levy above that for the prior year, valuation for assessment ratio increase for a property class, or extension of an expiring tax, or a tax policy change directly causing a net tax revenue gain to any district.’This is obviously a new tax which has been levied without voter approval.

My advice is for this small piece, don't goto the agent, rather try to sell it to a direct buyer.

View report*This link comes directly from our calculators, based on information input by the member who posted.

I sure do appreciate hearing other perspectives from all the creative minds on this forum so thank you in advance!

that’s the direction I chose to take.

This is due to a special rule under Revenue Procedure 2002-69 that states that a LLC owned by a husband and wife in a community property state is also considered to be a disregarded entity and for tax purposes, the property is treated as if it is owned directly by you and your spouse.

View report*This link comes directly from our calculators, based on information input by the member who posted.Curious what you all think about this deal?