The other provided a detailed breakdown of all the costs so that I could see the current principal balance, unpaid interest, corporate advances, etc.

Cash flow and principal pay down are 11%.

I can not get traditional financing, the purchase price is too low for lenders that lend based on property dti, and I am not willing to give him more than 15k down.The solution: Create a 2nd position note for 15k and a option to purchase in a year or two at 45k with principal and interest as a down payment.

And because of that, the Cash on Cash ROI looks fantastic in terminal years.Is it because I'm paying off the loan principal in the last 10 years?

It's rather pointless trying to lead the blind if you are not a visionary (sorry).Until a property has a principal or someone with standing (capacity, powers and authority) to sell, encumber or oasis marketable title, it's pointless to plan too far ahead. 

An interest-only loan is a loan in which, for a set term, the borrower pays only the interest on the principal balance, with the principal balance unchanged.

They are acting as a principal in the transaction (the buyer), so they cannot represent the seller.In general, they disclose that they are licensed but not offering to represent the seller.  

the other posts that were mentioned above also state:"If you're in Ohio or California or Florida get license if you're doing wholesaling whether it's option contracts or sale and purchase agreements that are assigned, get licensed and act as a principal" get licensed and act as principal????

Sale price of real estate - If the principal on the note is MORE than the actual value of the real estate expect to take a big discount when you sell the note. 3.

If divest, the investor will receive principal + their percentage of earned interest, less management and carry fees for the fund, as loans are paid back.