At the end of the day and extra 2% in interest (if that) isn't usually a deal breaker on an income producing commercial property.Hope this clears some stuff up for you.

I hand wrote letters to the owners and this actually produced a deal that worked for me. 

Address: 909 6th Ave Oroville WA 98844NOI: $717Cashflow: $487Cash on Cash ROI: 18.90 %---------------------------------------------PriceOffer Price: $69,794---------------------------------------------IncomeRent: $1,172 @ 105 %Other Income: $0Total: $1,172---------------------------------------------ExpensesInterest: 3.88 %Mortgage: $230Tax: $45HOA: $0Vacancy: $59 @ 5 %Insurance: $59 @ 5 %Utilities: $0 (renters pay)Repairs: $88 @ 8 %CapEx: $88 @ 8 %Property Management: $117 @ 10 %Total: $685---------------------------------------------Total InvestmentDown Payment: $20,938 @ 30 %Closing Cost: $3,000Rehab Cost: $6,979 @ 10 %Total: $30,918

@Chris SeveneyWhen demand is high and supply low........Sometimes, the best deal is the one you pass on.That being said, utilizing creativity, which depends on many aspects, such as knowledge, experience, ability, etc., can lead to returns far above the risk related thresh hold.Since we are unable to find a satisfactory number of commercial notes we can buy at a large discount and restructure, we have done some creative type investments.

While there are the more obvious expenses such as utilities and insurance, do appraisers add additional ones that they subjectively determine should be included, such as cap-ex? 

Taking it a step further, I thought it would be a good idea to consider multifamily properties where I could rent out the other unit(s) to cover the mortgage (or even better produce positive cash flow) while reserving one unit for my vacation home. 

Once you find them you can always utilize social media, especially Facebook.

I am also interested in learning the rent that you are charging and the cash flow it produced.

Is there any way to switch from treatment plans to public utilities?

Does anyone utilize "Tax Assessment" when gathering comps for a deal?