Here in Houston she'd be torn down to make way for a 4,000+ sq ft lot monster.

The attitude of EVERYONE there is that unless you are going to go for one of their fee-based programs, they are quick to write you off and will just transfer you to the robots in India who you just want to cuss at all day because they are absolutely worthless!

If it was me, I would be calling that the debt monster and looking at ways to use real estate to slay the dragon. 

If amazon were to come in and say we are replacing 5000 workers with 50 robots and UPS left town then there would be reason to panic.

I know it is easy to pretend banks can be big bad monsters and seemingly they hold all the cards but that is not entirely true.

This guy has a full duplex listed for 25k and is talking about how it is, and I quote, a "CASH FLOW MONSTER".

I also got my first batch of yellow letters out in the mail today so HELL YEA I'm pumped like a drank 10 Monsters.

Personally unless the thing was a cashflow monster I would not be interested in this deal at even the best of terms since you are getting into a deal that is 50% underwater on day 1.By this I mean say something like market rent is $1800 using the 50% rule you'd have an NOI of $900 a month.

4,960 a month without income from front 2 commercial units.12 months is 59,520 annually by half cost is 29,760 NOI10 cap is 297,600 purchase price.On it's face it looks promising.If the guy is a president at a local bank and it is cash flowing like a monster then WHY does he want to get rid of it??

@Aaron Chung  - Thanks for the monster cake!