When I pay down the loan faster than 30 years, the way I look at it is my principal payment is basically saving me interest expense. 

Hello BP Community, I know I'm missing something (Or actually just flat out wrong) when trying to figure out this math equation of Mortgage (Principal and Interest).

@Nicholas LudwiczakSee the post I did on Self Storage valuation.Cash flow at 65% occupancy should be zero, including interest and principal; for Phase 1 build. 

There are pros and cons and it's important to be aware of the drawbacks as well as the benefits. 

However, I understand investing out of state comes with its own drawbacks so I am not sure if that would be a great idea as a first property.

That will allow you to keep your low rate on $170k if you have a low rate, then have a line of credit that is only the size you need and easy to pay down.This approach keeps your $170k liquid, sets up a $0 balance HELOC for the additional principal you can get and you don't pay for the additional principal loan in the HELOC until you use it, and only for what you use.

Hello BP Community, I know I'm missing something (Or actually just flat out wrong) when trying to figure out this math equation of Mortgage (Principal and Interest).

When you get a rental property, you have not just the cash flow from the rental income, but you also have the Principal payment which is also your profit. 3.

I am ok with 1000 to 1200 per month including some principal payment. but not this.

The principals are the same.