If you are paying interest only, you are not paying down the mortgage. on the $700k you would be, but equity depends on whether its a land contract or traditional note  - depends on structure.3. good template google fannie mae security instruments.Also, my question is if you have not money for a down payment, how can you afford a $700k p&i payment along with $300k I/O payment?

Here are the details of the property:- Leased until July 2025: $1400 and $1450 per unit per month- Built: 1930's- Zoned O-2Information in the Rental Report:- Vacancy rate: 5%- Purchase Price: $310,000- Repairs and maintenance: 7%- CapEx: 5%- Property tax: $3,600 per year- Insurance: $2,400 per year- Roof: Broker mentioned it doesn't need immediate attention but will likely need replacement soon (~$15,000).- Cash flow: The report shows a $177 monthly cash flow.- Condition: The house is completely renovated.

Zillow says $5600 per month, Redfin says $5000 per month, Rent-O-Meter says $4100 - $4500 per month.

Interest rates will be lower on owner occupied properties than o other property.

You are paying for the support oft he Company communities and even more... ( Contacts, forms, properties, all successful members cell phone ( my fav one - any time o got a question i got a local person can meet me and check on the deal together ) ( JV for deals) .. or EPIC E.ducation , P. roperties , I.come , C. ommunities . ..

It might cost a week of hassle but could be worth $50-$100k or more and less hassle o for those  4 years. 

@Levi Perl great point by @Gregory Schwartz.We'd add one thing to his suggestion though, check out comparable rents on Zillow, Rent-O-Meter and at least one other source.

Its not kohler but they probably have the same o rings that need to be serviced down the road. $38k is pretty steep for one bathroom imo.

The WIFE would be the DEBTOR responsible to make the I/O payments of $8,312.50 each month and the future balloon payment due of $1,1425,000Q- How does the Husband get his funds out to complete the Divorce?

Projected CF after the first year is $650 after PITI, Vacay, Repair, capex, Etc.Purchased under market rent as tenants were paying $880 m/o.