Nice work  keep it up.. love it when you actually buy and a principal and sell as a principal.it only gets better.I don't know what my record is.. but if you do this game long enough you will get some whoppers..

While my overall debt won't change - I can consolidate it all at a much better rate long-term, and increase monthly cash-flow.Of course, the terms lengthen (to a new, full 30 year) - but I can comfortably pay the difference towards principal-pay down so that the interest over life of the loan comes down.

Invest $100, add $20 in value, market goes down $20, but you have cash flow and principal reduction along the way resulting in a positive return. 

Out of the three principal cities in the province (Fredericton, Moncton, Saint John), Saint John may have the cheapest property prices (thought they are going up a little) but is probably the riskiest as well.  

I bought it with 5% down as it was originally owner occupied and it currently has a 4.125% interest rate so all for principal, interest, insurance, taxes, and HOA I pay $1,942.38 per month, which is entirely covered by the rent paid by the tenants.

Once it is boarded they will charge between $20-$35 a monthIf the note is performing and for simple math say they are paying $500/month (principal interest only- keeping escrow out for simplicity), you would get a check for $465-480If it goes non-performing you can use the servicer to go get an attorney and handle to the foreclosure for you.

Regular ROI includes the pay down of principal on your loan as profit (this is also how the IRS calculates it). 

Place yourself on a schedule to paydown principal (no interest only loans). 

Principal, interest, tax, insurance, maintenance repairs, capital expenses, utilities ( if there are any the tenants won't cover), vacancy.  

I debate to pay more on principal on the rentals, as i have always heard re investing is the way to go....