@Joseph HenryIt works the same on an adjustable rate mortgage - if you pay extra it reduces the principal balance

If you're seeking a city with balanced occupancy that can support year-round demand, Tulsa might also be worth a closer look.

I think you and I were discussing in another thread the balance among 1. being welcoming (which I try to be, I usually start my posts to new forum guest with 'welcome!')

Enjoy those wine dinners and piano bars – sounds like a good balance to the hustle.

Or look at the properties listed for rent on Zillow and note how long they've been posted.How much is your primary worth and mortgage balance?

I balance my portfolio so that I always have a slight buffer of PAL.

Property 1 = 209k balance (349k value) 2.6% on a 20yr conventional Property 2 = 170k (218k value) 5.6% on a 30yr conventional(approximating on original post but total mortgage debt 380k)

To my surprise, I can count on two hands how many times a seller/agent has actually called/emailed me to verify the POF.Often, one can obtain a letter from their bank stating the account holder's name, the date, current balance, etc... and that should be more than enough to meet anyone's requests. 

Looking to balance Keeping It Simple and being on top of things.For years, we used Ally.

It’s important to balance cash-out refinance with maintaining healthy cash flow from rent.Mismanaging the Rehab Process:Delays in the rehab phase can eat into your profits.