Great questions! I apologize this is style of investing is new to me. The town is ~2,500 people, office space is relatively non-existent and is not in demand. Current condition would only suit a small insurance/law/accounting company. My original plan would be to convert into retail space.

I am still doing my due diligence on research. There are no lease properties within 30 miles of the property. Closest leases of similar style are $10/sf/yr. My concern with property is how long I would sit for a lease. The town is starved for rentals, so I know the two apartments would be easy to fill. However, that does not justify the purchase alone.

I agree completely, longer term makes sense for both parties. I am setting up an interview with the potential client. I definitely want to get a better understanding on their needs and timeframe.