Its an asset that is principal protected and offers a great rate of growth.Think of it this way: if you can get money at 5% and safely invest it at 6%, how much would you want?

Fair Housing laws do not apply to landlords who own a building with four or fewer units and who live in one of them as their principal residence.

My thought was that it is extra assurance that they will get their money, and likely I'd put even more towards principal each month!

On a $100,000 note at 5% the payment would be about $631 a month and at year 10 would be about $81,342 principal. 

Save the rent money and increase your cash holdings while paying down the principal.

I received my principal back in June, and held $100k note in the property which was paid back to me on October 19, 2018 (a year and two days after purchase). 

Run a simulation of a 30 year mortgage amortization schedule: the first several years are almost ALL interest, taxes, insurance, etc... with very little principal pay-down.

Now I don’t live there, I collect up to $4100 plus utilities on $1625 mortgage and annual principal pay down is about $4000.

Current mortgage is $500 with $150 of that going towards principal, $162 going to interest and the rest to taxes.

Once the financials change and the volume / deal flow drops (it already has) my opinion is that the typical principal / agent challenges when your vendor doesn't come through, creates a situation where you have a ton more cost to have a 'fall back' plan than if you were local.The answer there, perhaps, is to have more to offer for your vendors/partner, either in the form of being ready to pay more for their services, or volume, or both.