Making my payments about 1590 per month but only 600 of that is interest, the other 1000 is principle.  

The lady at trustee is not comfortable of working for me unless I lower my interest to 10% and deduct the interest I received from my principle.

A high quality, ethical Flat fee MLS would disrupt this industry and be a game changer to the industry. 

This also doesn't include any summer leases at $500 per person which will be directed to our CAP EX fund.A break down of the estimated first year PL sheetGross Rent:$23,400taxes: $1,560insurance: $590Water/sewer: $2,000Gas: $1,900Electric: $1.500Maintenance: $1,000expense total: $8550NOI: $14,850Debt: $1080x8months= $8,640Cash flow (paying toward HELOC principle) $6210(yes I'm not including Vacancy for this year, I'm also not including Cap Ex this first year either)utility estimates are based on previous averages, and also our first 4 monthsYear twogross income: $26,000taxes $1,560insurance: $590Sewer/Water: $2,000Gas: $1,900Trash(year two electric will be on tenants and we take over trash): $300Repairs/Cap EX fund: $2,500  (summer rents will be added to this)Expenses: $8850NOI: $17,150Refi Debt (125,000 loan @5% estimated): $8040Cashflow: $9110   45% COCOverall this deal is turning out very well, an seems to be an awesome first investment property.

We share many of the same principles and outlooks on life.

What I do have is work ethic, some knowledge of real estate investing, ambition, and time.

Instead of receiving $3,300 in cash flow plus the principle paydown and tax benefits, I would see a roughly $1,800 gain.

With a regular, regulated lender neither one is legally possible and wouldn’t meet fed/state banking regulations.The current lender will either give you a discounted pay off, or they won’t.....that is your only solution to refi.The deferred principle makes this sound like a loan Modification done by a major lender.....not sure what a “balloon payoff penalty” is, sounds you are mixing up terminologies.

The problem with pretending to be something your not is ( I know you technically are still a property manager) they will eventually find out and will consider your word and your ethics to have no value which will damage that trust .

The only difference is I’m doing all 30 year loans and just paying down extra principle.