You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

Either way I would be looking up the principals and start contacting them. 

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

Approximately $25k per month, principal and interest. 

At $500/pop that can get expensive.I have done videos in the past showing that investing in a fund collecting interest only and leaving your principal in the fund pays significantly more over time - but with a note you could get a payoff (which if bought for discount is great).

I am considering posing this as a zero interest deal, so the $72,000 ($2,000 x 36 months) paid in the 3 years leading up to the balloon would go straight into the principal, and so will the $17,500 down payment.

ITI is the interest, taxes and insurance versus principal taxes and insurance.

That 85% ($85,000 in this example) reduces my death benefit dollar for dollar, but does not reduce the amount of principal (probably not the right word) on which interest and dividends paid to me are based.I think I gathered somewhere in the thread that the dividends/interest paid to me can be used to pay the premiums, meaning I could essentially avoid paying any further cash into the policy.  

Most note investors originate new notes or purchase existing notes (sometimes at a discount to principal)..  

We’d rather take low double digits passive with lower risk over 25-35% active with the risk of principal loss.