So on a $64,000 investment, we are, with a conservative estimate, returning $18,000/yr, or 28%.I've scheduled a sit down with every successful real estate investor I know, but I think BP is where I may find the best feedback of all.

The terms of the loan offered must meet the following requirements: First, the financing must have a repayment schedule that does not result in negative amortization.

I would encourage you to ask questions, schedule meet ups and dive into the podcasts and blog post.

All your investment income and expenses will be reported on your partnership tax return and a Schedule K-1 will tell you how much of the partnership income (loss) to report on your personal 1040 (line 17).  

So all you need to do is start getting your contractors lined up and scheduled to be onsite the day after you close (or earliest possible day) to begin your demo and then re-construction of the property. 

But, the amartoization schedule for student loan is 1% of my total student loan debt.

At the end of the day, their job is to put you back in the standing you were before the loss occurred so always bear that in mind as the underlying principle, but again, if the payout schedule is unclear, just ask nicely and see what they have to say...

Id say my interest is in keeping an independent schedule and getting a high return on sales.  

By having the list it helps you look ahead too so you ca schedule your trades with enough warning that you aren't waiting between trades (usually).  

It is reported on the IRS Schedule E - - download a current copy and review the details.