Subtract $200,000 = $186,511.57 total interest paid - 93.26% of the initial principal balance.If paid to term, the principal portion of the payments remains less than the interest portion until after the 194th payment ... better than half of the lifetime of the loan - 16.25 years in.

@Robert Kirkley, when I was your age, I would play this game to further squeeze my expenses down: when ordering fast food, I’d find what I want on the menu, subtract a dollar from that total, then use that amount to order something else.

Need to know so I can subtract from the NOI.Thanks!

Subtract your minimum assignment fee, and that's your MAO. 

Then subtract some hourly rate for your time (cleaning, repair, maintenance, delivery, etc).

BUT, I would subtract the amount to tear down the cabin AND fix the road up to it so that it is all set for potential buys who want to build. 

Even if you subtract for RE commission, closing costs and discount the property for a fast sale, you should clear around $50-55k.3 - It would take you around 17 years of perfect tenants to reach $51 k in cash flow.4 - If you invest the $51k in flips, make only 10% per flip, and do two a year, and don't reinvest your profits...just keep reinvesting the seed money ($51k), you could profit over $5k/year...double what you would be getting in CF if you left it as a rental.5 - Now, if you reinvested your profit back into the flips, you would be compounding you profits.6 - 10 years of compounded profits, at 10%/flip...2/yr = over$280k in profit7 - After your accumulated profit reaches the point when added to the original seed money equals enough  to when flipped, you can use just the profit to buy rentals.8 - keep flipping the enlarged seed money.  

These are the forms that are included.1040Schedule 1Schedule 4Schedule C-EZSchedule SEI use paypal for just about everything so all income and expenses are accounted for.For the most part, everything seems straightforward enough, mathwise, simple addition and subtraction with some multiplication here and there.

A quick rule of thumb is to take 50% of your gross rents and subtract your mortgage payment (P/I only) for a quick calculation to see if it will cash flow.

If I chose to go this avenue I would then buy a second multi-family home in about a year with about $35,000 (this including the subtraction of the $15,000 for renovations) that I could save up during that time.My other option is to buy a multi-family right now with my $25,000 using a FHA loan.