We have considered putting some of the rents received towards extra principle so we can start seeing properties paid off really quickly and see even more cash flow, but it's a toss up between that and saving it to put down on another investment while the property values are down and interest rates are low.

Then they may come after you for the deficiency which will include the principle, accrued interest, force placed insurance, property taxes, legal fees, etc.

The object of the game being: how much marketing value can I create in as few letters or syllables as possible.

The difference in interest is usually only around 0.5%, but in return you're agreeing to make this extra principle payment for 15 years.

If I can figure out how to post it on here, I will put my overcoming objections sheet up.

Our Principle is a 5.75% "interest only" Jumbo that adjusts in 2015.

@Bob Gordon , my main objective in regards to obtaining my Real Estate education/licensing is to represent my husband and I for future real estate investing.

It's a matter of principle to me.

Robert,If the objective of your purchase is cash-flow, then appreciation matters little - don't get me wrong, it's still nice, but the success of the investment does not rely upon it.Matching your product - in your case, single-story (ranch style) duplexes - to your clientele ({nearly} retired, aging tenants who do not wish to contend with stairs as they grow old or those with mobility issues), whether done explicitly or intuitively, is the key to low turnover.We are considering a multi-family unit which is comprised of 25-row houses in a single story garden home format as it has an appeal to our aging population.

The objective , like it says above is to invest in more properties.