Vic3001,I am not familiar with this product, but most cash flow analyzers will not give you an accurate analysis because they don't include all the expenses that you incur.

.$800 insurance.20% down @4% mortgage.House is built in 1995 and is in excellent shape, w/new roof in 2010.Would have to do lawn and snow Myself.Here's the angle.

Marking up a product or service is part of doing business.

I giggled a bit when you said you want to continually be improving your properties because most of us want to get nice rentals and not have to always be fixing them up (you know how things hit you sometimes when you are speed reading).But it sounds lovely that you want to provide a quality product to good people.

Your tolerance, and your goals can help you decide which way to go.Darren's idea of a multi-family is excellent.

Hainey on Green Acres (if you're old enough) he just flipped signs on his truck to sell what ever product or service was applicable to the situation. :)

@Jon Holdman gave excellent advice - stay out of it unless the trouble moves inside your units.

The amount of interest you pay will not change unless you refinance the loan or pay it off early.There are amortization calculators out there and also tools in Excel that will show you how much you're paying down based on the time frame.

They are trying to move that product so they will know.John

And the interest rate is worse than any other local lender I've gone with to date.So, for me, this loan product is simply unusable in its present format.Until they come back down to earth, I just don't see it being a good fit for me or, likely, any other small investor either.