No PMI. 30 year amortization table.Cash flow stats:Costs: $476.43 principal+interest, $47 insurance, $70 taxes monthly, $35 HOA monthly dues, $55 Property managerTotal monthly costs (for 1 unit): $683.43Each Unit currently rents for $825 / month with very fast turnover so very little vacancy.Cash flow: Positive $141.57/ month / unit (total $566.28 monthly).This seems like a great deal.

Purchase price: $85,000 Cash invested: $1 Purchase: $85,000 (plus $40,000 construction loan) using private moneyRehab: $29,500Refi:$ $125,000 (rate and term)ARV: $170,000Rent: $1600Property management: $128NOI: $ $1,255 Principal + Interest: $676.40 Cash-flow: $ $579 What made you interested in investing in this type of deal?

Purchase price: $73,000 Cash invested: $1 Purchase: $75,000 (plus $40,000 construction loan) using private moneyRehab: $24,500Refi:$ $115,000 (rate and term)ARV: $160,000Rent: $1500 (expected)Property management: $120NOI: $1,163 Principal + Interest: $601.24 Cash-flow: $562 What made you interested in investing in this type of deal?

You identify an interest expense, so can I assume that no principal is being paid down?

If residential and you want to cater to investors versus regular homeowners than you need to find a firm that has a principal broker that mainly focuses on investing.

and experiment with what happens when you take that cashflow from your paid off rental and apply it toward the principal of the loan you're trying to pay off.

If you are really intent on owning a property like that, then you may have to settle for something you are still putting money on principal and interest pay down (tenant's rent will not cover the mortgage). 

Instead, I prefer a safe approach and I would buy using creative financing, sell to Tenant Buyers getting $25,000 down, cash flow $500 - $800 per month and I get the depreciation, tax write offs and principal pay down.

He is able to borrow whatever amount we need at  4.5 -4.8% .The investor was asking for something like this : No collateral Principal +30-40% return on capital + 20% split on Net profit 1.

However, the years 2012-2014 are a period of nonqualified use since the home was not principal residence during those years Period of nonqualified use3 yearsTotal ownership period6 yearsTotal gain($350,000 − $200,000)$150,000Nonexcludable gain(3/6 × $150,000)75,000You must report a $75,000 gain for non-qualified use.The remaining $75,000 ($150,000 − $75,000) of gain can be excluded under 500k exclusion because you meet the two-year ownership and use tests for the home and has not excluded another gain in the previous two years.