Principal, interest, insurance, and taxes.

The leftover stays and reduces the principal balance.

So long as you plan to hold the asset for the next 5-7 years, the historical appreciation/principal paydown should be enough to cover costs of sale, should you need to exit.

However, you must declare it as your principal residence, live there for at least a year, and disclose rental income on your tax return.

Imagine your tenants paying 100% towards the principal owed for 5 years. 

I don't think you should pay it off, but you should be paying down the principal every month at scale, which you are probably doing if you planned on paying it off in 4 years.

We cover all the ins and outs and detail out the risks associated with lending so you can make better decisions about how to proceed and protect your principal investment! 

Depending on the program, pre payment penalty may get triggered if you make additional principal payments within the PPP time period.

You can use it for any business you can imagine, as long as you understand the accounting principals associated with that business and how it all works together.In QuickBooks, you can set up projects for each flip and keep track of them on the balance sheet - where they belong - up until the moment of sale.If you don't have a lot of accounting knowledge and are relying on QuickBooks to be intuitive, then you are going to be VERY disappointed. 

HUD loans sometimes have specific conditions related to repayment or subsidies that might affect how they are handled.Balance and Unpaid Amounts:The discrepancy you mentioned between the mortgage statement and the HUD loan amounts might indicate deferred principal or accumulated balance under specific conditions of the HUD program.