So in other words I'd be able to rent without paying any extra out of pocket from what I'm paying now , the interest income would make up the difference, and I wouldn't need to touch the principal from the sale of my townhome.

The problem was the police could not technically do anything as a crime had yet to be committed (I didn't try to cash the check nor did I wire anyone else money), and the principals of the con were more than out of everyone's jurisdiction.What follows are three actual scam letters that are currently circulating on the internet:INITIAL CONTACT LETTER FROM FAKE PHYSICIAN-----Original Message-----From: Dr.

You're not actually a principal to the transaction.Jon

Operating expenses include all the expenses that are associated with operating your rental business, but DO NOT include the mortgage payment (Principal and Interest).

Then the lender can not be sued by investors who bought the bonds while the deal would be something that is acceptable to the principals.

I trust the principal works in reverse; bozos will tend to attract other bozos.

Anyone who is not a principal in a transaction and who is paid only when the buyer and seller complete a deal is someone who is brokering.

If I apply an extra $100 to my principal payment each month I will payoff the mortgage in 25 years instead of 30.

This is much simpler, faster, and cheaper if it’s obvious all is lost anyway.3)You can ask for an extension under the identical terms and make payments to the HML using your own money, or that of a new partner, for as reasonably long as it takes to sell or refinance.4) If it looks like things are going well but you simply need more time and don't have any more cash, the HML might agree to convert your loan to accept all interest, points, and principal, when you sell.

You have to make sure that YOUR principal amount is dropping as fast or faster than the principal amount of you buyer.