Naturally that would incur lawyer fees.On principle I don't want to pay this guy off but as a business it might just be a smart thing to do as a cost of doing business. 

I have coffee with a buddy I met on this sight every 2-4 months. 

@Mike BarryYes, your income will be lower both for tax purposes and for loan underwriting purposes.Lenders look at your ability to pay back the loan, and stashing money into your retirement account does limit the money available for repaying the loan.That said, declining to fund your 401k just to qualify for a loan may be short-sighted.

Dave's principles are great for getting your personal finances on track.  

If you get a loan as an owner occupant, you can't "convert it" later by paying toward principle.  

Kind of illustrative of the principle that you're better off buying quality properties that have the potential to appreciate.  

@Alfred Clarke Jr The principle that is so critical here is that you communicate to the person what you can do for them not what they can do for you.   

I would like to suck up 5-7 years for large monthly payments to just payoff the principle and be done. 

It's very easy to get caught up in the heat of the moment of something and lose sight of the end goal.

I operate in Colorado as a wholesaler currently, but am always projecting forward and looking for ways to 10xArizona is in my sights for next, along with Nevada and California.Would love to hear about how you run your business.P.s I'm a full time RVer and love the outdoors and can sometimes be a nice guy myself