cloa...Note should include a provision similar to the following:FOR VALUE RECEIVED, I, [Borrower name] (hereinafter known as “Borrower”), promise to pay to the order of [Trustee/trust, payment address] (hereinafter known as “Lender”) the sum of Fifty-Two Thousand and 00/100 Dollars ($52,000.00), with interest from the date hereof until paid at the rate of Six percent (6%) per annum on the unpaid balance, payable as follows: Commencing on April 1, 2024, and continuing on the 1st day of each and every month thereafter principal and interest payments of $577.31, with the entire remaining unpaid balance of principal and interest, if not sooner paid, being due and payable in full on or before March 1, 2034 (the "maturity date").Record a first priority security instrument (mortgage or deed of trust).

The transaction allows investors toincrease the liquidity and diversification of their realestate investments while deferring costly capital gainsand depreciation recapture taxes that may result from thesale of a property.Benefits: REITs also can provide the same ongoing benefits of real estate ownership including income, depreciation tax shelter, principal pay down, and appreciation.

Keep in mind that the mortgage payment covers the principal as well as the interest charge.

Although not househacking in Chicago, I think the principal is similar. 

Cousin’s $275 million investment secured a 50 percent ownership in the project’s first and second phases.The first phase is set to include 388,000 square feet of office space, 60,000 square feet of retail and 542 multifamily units, a new 14-story office building, as well as the adaptive reuse of an existing structure dubbed the “curved building.”John Clifford, founding principal at S9 Architecture—the studio behind the design of Neuhoff—told MHN that the development establishes a new sub-neighborhood that connects Germantown in the north, south and west.

And that's if everything were working correctly, which at this time things very much aren't and the poor investors targeted for these schemes have been stuck with loss of principal or unable to access their money and not receiving any distributions. 

There it a principal called thermal mass .

You end up making the difference in the principal of the mortgage and the price paid for the bond.  

I get the $25,000 to $50,000 Option fee for my pocket, and I can buy another property, plus I get about $8,700 a year in cash flow and the principal pay down and the equity capture and the tax write offs.

(usually something more like five years)Will the total principal balance of the HELOC be $120K - $130K after renovations?