This phrase is a diamond hiding in plain sight.

They need to see it and experience it, not hear about it from someone who is not likely living the principles.

*Every step pay close attention to Pareto principle.

@Brett WagnerEverything you can provide unless you like advice from your barber because thats the kind of advice you are seeking sight unseen, no scope of work, no projected breakdown, exit strategy or anything.

private lender (friend); He actually just had a 100k line of business credit that he used; setup a 12 mo loan payment schedule with him, none of which went to principle.

The pay down on the principle and a higher than most markets appreciation is where the double digit returns come from. 

How are those tracked separately if so and what options does the buyer have to pay down the principle?

Many are answers to the same general questions, but reading the principles in several different contexts and fact situations will help you learn those concepts.

With the 203k loan, adding in repairs to the principle of the loan, do I have to get actual contractors or can I do the work myself?

We can not lose sight of our blessings.