I see a lot of opportunities in the C locations on the Westside of Cleveland.

This is the form that would be used: https://content.enactmi.com/documents/calculators/Form1038.C...   

Quote from @Evan C.: Maybe someone can educate me on the actual uses and mechanics of using a substitution of collateral clause (aka substitution of security) in a loan when you are the borrower.

You could absolutely save the money and over time, learn everything I learned by listening to podcasts, reading books and watching youtube videos (except having the regular check ins with a mentor).

I have two options 6.625% 30 year or 6.15% 15 yearI want to invest aggressively in the near future on more propertiesThe loan is only $110k and the monthly payment for 15 year is $563 and $750I will earn 2-3k a month in gross rental revenueThe property is in a declining population areaRecently rennovated, and all major things were relatively recently improved such as plumbing, the roof, a/c, electric, etc.Will require a lot of management as it is rent by the room so I may switch to a normal rental after 10 yearsI'm trying to find what will mathematically net me the most money in the long run.

Here in Louisville I am looking in C to C- areas.

My guess is it wouldn't be as critical in an A- or B-class property as it would be in a C-class property. 

The support team is always happy to hop on a Video Call with me to walk me through the solution if I can't understand it via email.

.,  C. 

@Zach Howard some copy & paste advice below:)-------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?