Roy, followed this through three forum posts, LOL.I'm a fish out of water as to mortgages or requirement out of the country, in your neck of the woods.Basically, other posts cover most of this on BP.You probably have a mortgage, look at it as to form and content for your note.The costs involved should be minimal, filing fees are a few dollars a page here, I doubt any second here could rack up a hundred dollars in costs, not counting an attorney fee.As to terms, here we can offset payments, allow accrual of interest and such on loans not cobered by our SAFE Act.If you want to piggyback interest, it's better to have a higher rate with an obligation to pay a lower amount which would allow the remaining interest to compound if simple interest.Really need more information as to what you want to do or how you want payments to be paid or received to suggest details.But again, you need to take all this to an attorney up there, what I do or suggest may not be applicable. :)

More privacy overall and less people breathing down their necks about pretty much everything.

My current contractor is out a couple months with an injury and I need someone who can meet me at properties within a timely manner.

@Brian Burke is in your neck of the woods.

@Keerthi Arumbakar ,You are in my neck of the woods.

www.biggerpockets.com/blogs/3225/blog_posts/26426-mentorwww.biggerpockets.com/forums/49/topics/86126-how-to-find-a-mentorIn your neck of woods I would personal follow Chris Clothier ( only a suggestions ).Regardless, welcome to biggerpockets

Those seem to be fairly typical terms for the commercial loans in my neck of the woods as well.

*That may be excessive to some people, but I worked in the healthcare field long enough to know that even 500,000 can be gone in no time with just one severe injury. 

There are several options for you I'd need some more info but I have multiple lenders in my network that can assist. start with @Drew Walls he's a great resource and an investor in your neck of the woods, he knows the area as well im sure he'd be more than happy to assist

To add insult to injury, she told us she has started paying another bigger investor, little by little,from the rent from the tenant upstairs.