James,The purchase price and the Current market price of the properties are not what your Insurance should be based on. 

You can guess based on last year and add or subtract any changes, but that too comes with issues.

It's funny, I have searched this topic and come across a lot of Tenants asking similar questions on Reddit....

The business I am interested is not in the market and I strongly believe that if I make the owner an offer he would most likely accept it (based on the previous business he sold)  My plan is to do enough research on the location that I am actually interested in.

If you do need a loan consider looking at agricultural based banks such as Agcredit, Farm credit, etc. 

Check out the BP meet-up forums for Cincinnati, Ohio area and you will see "Real Estate on Tap" and can see the information for each meeting hosted and the topic based on the speaker.

But they will give you even more valuable advise where to actually invest in the Houston area based on their years of experience.

You can search for it, he posted it yesterday. 

Homes without game rooms don't book as well, based on our booking data. 

Mostly I want to know other downsides to commission based off sqft rather than %.