Depending on where the loan is in its life-cycle this will either create a yield equal to or slightly ahead of the interest rate or coupon of the loan.

It all depends on where you are at in the investor life cycle and what your portfolio looks like.New properties that I could see myself holding for 15+ years Ill put on a 15 year loan because I want them paid off asap.

In other words, the loan, according to what you posted, for the terms and point in it's life cycle has the proper balance, the borrower is current.

I also project out detailed annual cashflow and do what Joel mentioned above as far as lifecycle of equipment or repairs per property.

So, the second lien should only have a life cycle that is in timing with the first's maturity date.

In my 4 years there, I've put in new floors, redone the bathroom, replaced furnace/AC so besides the kitchen being a little outdated and the water heater being 2/3 through its life cycle, I don't anticipate any major issues.From an investment perspective, do you cut the cord on a property like this or do I have better options?

Even if you count those some of those items are now half way through their life cycle and the odds increase the next few years something might go wrong with them.

It's a growth regulator so when the eggs hatch they never mature into adults, which breaks their life cycle.

Start with the one that has the most interest and cover that at a level that shows people the complete life-cycle of the transaction. 

You can keep your match, I'll take 50% of my base pay for the rest of my life.As for the number of funds, not counting the lifecycle funds, you are correct.