Usually the bank will accept what is owed to them and allow you to take payments if you fill out their loan assumption application and are approved.

My #1 suggestion is to "GET LIQUID/STACK CASH" and be ready to make offers#2 Get intimately familiar with Loan Assumptions/Mortgage Wraps

It looks like I would have to make an offer significantly below the asking price in order to make this property cash flow with the same expense assumptions: roughly 70% of the initial $335K listing price or about 75% of the $305K.

Is it a custom template or commercial contracts standardized by the state real estate board?

I have recommended him to several of my customers and they have all been pleased. 

And someone built a huge six bedroom beautiful custom built two story new home next door to my property and it just hit the market for sale last week.

Have you tried getting in touch with their customer service? 

I don’t know about your area, by Home Depot isn’t big on customer service nor adding in all that “value”

The old blacktop looks pretty well worn.As far as doing different things, It really comes down to who you project your residents will be for the building, and what you need to do to attract them.Gentrification means replacing the population of the area, and sometimes places get fixed up, but the surrounding area still has problems.It comes down to who you think you will attract as customers, and what those customers will want to make the buying decision.I just kind of ball parked some things based on my knowledge of what residents in tougher areas seem to like (based on my conversations with them over the years).But really its up to you to make a product that your intended customers will want to lease...

I overheard a customer complaining about his satellite TV bill so I recommend he try Hulu or YouTube TV and he said he doesn't know how so I offered to help him with it.