On Mon, 13 Sep 2010 16:10:56 -0500, Ignoramus20659
wrote:


The seller answered my question for his "insurance costs". He told me
that it is insured with some other properties, but his best guess is
7-10k.

What matters is what you'll have to pay. I'd call some insurance
agents, and allow for the rate to go up at least 10% per year.

I'm pessimistic about your chances of keeping the building occupied by
paying tenants. As opposed non-paying ones, which are easier than ever
to find . :-)

Wayne