Also for investment properties any forgiven principal is considered income and will bring tax consequences.The first thing to do is really just ask the lender.

.) $1,000 Monthly Rent; $500 monthly will be applied to principal balance 4.)

If you use the 50 percent rule, which is probably about as accurate of a crystal ball as any other method (and will still not hit the mark on many individual years) then, of your gross rents you would have 1050/month to count toward your debt service (principal and interest) and the remaining toward your cash flow.So, I can't tell what percent of your PITI is T&I, but I would guess it is around 300/month.

Jeff,The tax law on 1031 property converted to a primary residence changed a few years ago.You can still convert the property acquired in a 1031 exchange to your principal residence after at least a year of investment use to establish the exchange, but (here is where the rules have changed) you are not eligible for the Sec 121 capital gains exclusion until you have both owned the property at least FIVE years and occupied the property as your principal residence at least two years prior to the sale.For the rental property converted to a principal residence, the rules for the capital gains exclusion changed in 2009.

My payment will go up about $100 dollars a month but the difference in principal paid per month makes it worth it.

That was my first thought as well, but then I realized that there is principal pay-down that needs to be factored in; I don't have a calculator handy, but I'm guessing it's somewhere between 4-5%.Still crazy cheap, though!

I like to go 30yrs and pay extra principal.

I only cash flowed a few thousand in the year but between the updates and principal pay off (on pace for a 9 year payoff) I actually was very happy with the cash flow + equity build up.I'm looking forward to owning it free and clear.

From RealPage 10-K page 14, they say "The principal competitive factors in our industry include total cost of ownership, level of integration with property management systems, ease of implementation, product functionality and scope, performance, security, scalability and reliability of service, brand and reputation, sales and marketing capabilities and financial resources of the provider.

In the beginning of the mortgage you paying mostly interest, whereas your depreciation will stay constant throughout those 27.5 years.You will have more depreciation than principal actually paid in.