While Im not currently seeking distributions (we are in series B shares - those that participate in the upside and "may" accrue), they have made distributions and we are simply building another cash reserve.

I have on multiple occasions, once with one of my own properties and a few times for clients been able to not only get the money they paid for a property but also gave them extra money in a total loss (protected the equity that has accrued due to inflation in the industry).  

I don't recall AHP telling us before now that they were returning principle to us and accruing interest. 

And for vast majority of persons delayed debt payments results in accruing debts, because they find they have less left to pay down than hoped.

Your equity is valued at the unpaid face value of the Note plus any accrued but unpaid interest.

I recommend you pay him the final amount, but get a lien release, in advance, that says if you pay him this final amount, he will have been paid in full for his work and no further liens can accrue.

So lets say its a $1M loan accruing 12% and I pick it up for $800k (or 900k), time could be my friend or my enemy depending on the value of the home.

The one bleeding out on all the "and-then's" or the one sitting back with premium inventory that premium tenants will pay premium rents for, just accruing equity for a few more years to rinse and repeat before cap-x/maintenance cycle starts. 

Here's the terms:FOR VALUE RECEIVED, XXXXX a limited liabilitycompany (hereinafter referred to as "Maker*), hereby promises to pay to MY NAME,whose address is redacted (hereinafter referred to as"Holder"), or order, the principal sum of $XXX,000.00 in legal tender of the United States, accruing interest at an annual rate of 18.0%.

Lenders also have interest only options that could help with cashflow especially on acquisitions to allow you to get the listing up, and have your listing gain momentum (some listings start off slow while they accrue bookings, reviews, etc.)