You will be 800k all in ( 650k buyout ) for a monthly rent of 8,250 and your estimated costs of 1,700 a month = 6,550 a month.78,600 a year net pre-tax.You are getting about a 10% annual return on your money but is based off of one tenant.Office is generally not NNN structure unless medical.

@Julian Buick@David FaulknerReasons an individual  note holder might sell a $20,000 UPB for $12,000 right now:Death, illness/medical bills, qualifying for government benefits, nursing home costs, bankruptcy, divorce, law suits, business needs, their grandchild gets arrested for drugs and needs an attorney, they may have 90 days to move granny into their home and must remodel accommodations, they may be tired of collections and the tax headaches and servicing.

The vacancy number is the one I hope to NOT have to worry about - this property has been continuously rented to medical and dental students for the last 25 years, and most of the new tenants are referrals.Thanks for the feedback!

He owns a commercial brokerage in the DFW market - has leased up/sold quite a few shopping centers/restaurants, medical, retail strip, etc you name it.  

Next one is on Dec 12, 2014@vlad kuzin Wouldn’t the tax sale override the medical lien? 

Here in Houston the economy has been on fire for several years, driven by the energy industry and, to a lesser extent, medical.

Retail, grocery stores usually hang around long term, medical offices are good as well and often they may end up buying.

Give one holder the POA to administer the note with a named trustee under the security agreement.These features can help those heirs in the event they die or become incapacitated, as their share becomes part of their estate, Another point is that if they ever require medical benefits and must qualify for assistance, one holder won't be tagged with the entire balance owing, as they may be and can fail to qualify until that asset is "spent down" for the applicants benefit.The restriction to the sale of the note makes it rather unmarketable, if any assistance program or other action requires the note to be valued at it's market value, the resulting value may not exist or must be evaluated significantly lower.

I work in the medical industry at the moment and I like having the secure job.

I rented out rooms in a house that I rented, with the owners permission, to medical students doing externships in Seattle back in the 1980s.