What is the current amount toward principle each month, to go along with that $350 cash flow?

Not sure if that changes anything but what I think I’ll tell him is that I’m not down to share in any profit unless he’s going to put up any money himself, and if he objects I’ll just tell him to find another buyer.

Both this year and in coming years as you report the interest and repayment of principle on the second?

We like to offer wide access to our units, to help drive interest and to prevent discrimination claims.We use a scoring system to objectively rate the applications and choose the best fit for us.Some things to consider: https://www.biggerpockets.com/blogs/4445/44420-ten...

It includes every expense on a property outside of principle and interest.  

Plus, every payment that I make towards the credit will be towards "principle."

Hi BP Members,I am new to BP and have two objectives for sharing this calculation (view report link below)1.

I would put some of your time towards building connections with investors who do the kind of deals you are most interested in, and once you have a relationship and they don't directly make money from your deal, you will hopefully get 'objective' advice... 

Demonstrated enthusiasm for real estate with a high degree of creativity, vision, and technical aptitudeHigh level of communication/critical thinking abilityInternship or work experience in real estate or finance industry preferredWork well in a team based environment with open communicationAbility to analyze financial statementssome of the other things asked to analyze financial statements.I have started reading but plan on taking principles of accounting for a short 3-week summer course for credibility. 

Follow the money.Option 3:  This is your best option...again, as long as you have positive CF, your tenant is making the payments...not you...and this includes both the principle and the interest.Option 4:  This may be the best option