If so, do you mind sharing a little in sight and maybe the re-fi lender information.

You may also try looking up the definition of "principal" and "principle" if you wish to toss around GAAP in future threads.

Over the next few years, you pay back a total of $60K in principle plus interest.

I am born and raised Georgian so I will never leave but I travel around to see the sights.

In other words, when sizing up a deal, you should cut the gross income by half, make sure there's enough left to cover you debt service (principle and interest ONLY, since taxes and insurance are included in the expenses for which you've adjusted), THEN see what's left over as cash flow.And, AGAIN, this is only a quick and dirty rule.

Separate out the amount being paid to principle and interest from the other expenses so that we can better see the true picture.

It might not be too bad for a rental seeing as over half of the monthly payment would be principle.

My wife would have turned around at the sight of the hanging baby doll heads!

It is important that you don't lose sight of whether it is an investment or a future failure.I haven't even penciled out income versus expenses.

DO NOT wire money (Western Union, Moneygram), or rent a unit sight unseen More info