If you are a gambler, what's the odds that prime will increase during the next EIGHT years? 

When you're confident that you can estimate cost fairly accurately and quickly, do the homework and run the numbers FIRST, then make an offer.

Apply immediately for a rent increase. 

I also know that once I move out, the property will cash flow a decent amount, and I am confident in the appreciation that can come from this property and the Lakeview area. 

Helps to increase your open rate.When it comes to price, don't make an offer.

You can pay rent and make someone else money or you can buy and make money for yourself. 10 years from now your rents going to be $1,000 higher than it is now, but if you have a mortgage its only going to be slightly higher from tax and insurance increases.

When I purchased the home a few years ago, I put down 20% and have seen an increase in equity since it was purchased.

By starting younger you can exponentially increase your portfolio of real estate holdings.Hope this helps - welcome and again and please feel free to ask any questions.

You hadn't disclosed your intent for the property, but for resale or rental, it would be good to just look at the quality of similar properties, then try to match or slightly go a step up, in order to increase your ROI.Once you've identified what it is you really value currently, it's best to get 3 estimates and see if you're getting the same values for each. 

This property caught my eye for several reasonsmostly because I drive by it frequentlyit offers a commercial space, apartments, and mobile home lotsit's close to my other investments and where I liveI feel like this is an area ready to grow (it's the non-interstate link from big town to small town)it's not so expensive I can't find a way to do the dealI've been investigating mobile home investing lately, and this is one way to learn thatI don't have a physical office space for my business, and this would lend credibility to my business (and allow me to have high-speed internet, which I can't get currently)I can use an apartment and rent my SFR for morethe mixed use feels like diversificationI wouldn't be surprised to see an investor try to buy this and several other spaces up for a large developmentI see potential in possibly converting the mobiles to tiny houses and increase rents accordinglyI'm not in love with the deal, but a couple of those reasons would sway me to consider a less-than-great deal, for non-financial reasons.The numbers really look not very good, and it looks like a bad deal as it sits, considering I'm adding 1000 in rent increase and no rehab in this scenario.