Since I have o control or knowledge of court ruling, will have to wait and see if his income will shrink.

Watch for cedar columns that shrink over time, leading to tilting floors, knob & tube wiring, decrepit plumbing, asbestos pipe insulation, horsehair plaster pulling away from the underlying walls and wet basements due to either leaky fieldstone foundations or a high water table.All those things can be dealt with, but they need a budget. 

Watch for cedar columns that shrink over time, leading to tilting floors, knob & tube wiring, decrepit plumbing, asbestos pipe insulation, horsehair plaster pulling away from the underlying walls and wet basements due to either leaky fieldstone foundations or a high water table."

Is the area showing a trend of growing or shrinking or even stable for that matter. 

As the rented space shrinks, do you get more rent per foot at some point?

Make sure that part of Wareham is on town water and sewer, and check with them for average annual billsYour insurance estimate (except for flood insurance) is likely high:  Office buildings don't have families in them overnight, so you might find your Business Owner Policy is under $2000/yearLook for deferred maintenance on major systems, which with 10 spaces will likely be your responsibility, not the tenants'And the bigger issue:  Demand for office space in general is on the decrease, with more businesses shrinking their office footprint and allowing workers to work from home.  

When we are in recessions, the number of licensees shrinks and fees go up. 

Assumptions about the property must be made, and the analyst’s response should be measured by their ability to think critically under pressure and answer the question given reasonable assumptions.If your cap rate goes from 8% to 10%, by how much does NOI need to grow/shrink for value to remain the same?

(are there corners that are shrinking?

Since the passage of rent control, we have seen the available inventory of rental units on the island shrink.