Some more realistic numbers: Purchase Price $650,000 % Downpayment 25% Interest Rate 6.50% Mortgage Term 30 Downpayment $162,500 Loan Amount $487,500 Yearly Principal+Interest $36,975.98 Monthly Payment $3,081 Expenses (Yearly) $5,000.00 Gas Electric Water Insurance $2,000.00 Taxes $3,000.00 Other Expenses (One Time Only) $174,000.00 Permitting $50,000.00 Design Fee $20,000.00 Real Estate Fee $99,000.00 Closing Costs $5,000.00 Other Square Footage 3,000 Sale Price Per Square Foot $550.00 Total Sale Price $1,650,000.00 Building Cost per Square Foot $250.00 Building Cost $750,000.00 Holding Period (Months) 22 Holding Period (Years) 1.83 Holding Costs $250,955.96 Payoff of Mortgage $477,232.58 Counstruction Loan Interest Rate 10% Construction Loan Prinicipal and Interest $893,198.23 Construction Loan Interest $143,198.23 Total Profit $28,613.22 ROI 1.8% Annualized ROI 1.0% Interested to hear what you guys think of the above numbers.

Respective of REI, could this equate to adding principal paydowns (re-amortization) as part of a modified strategy that might better position us as investors vs buying another property at this time?

I rented for $1,500 per month against a $1,580 monthly payment which includes principal, interest, taxes, and insurance. 

I'd say yes, with an equitable interest in the land contract, you could include principal paydown so far on your NW statement. 

Some of the numbers:Paid $680kcurrent value $640kCash Flow +/- $0 (it doesn't cash flow)Principal paid down $1k per monthEquity $196kIf I sell the house I will walk away with about $160k after fees etc. 

Purchase price: $61,000 Cash invested: $1 Purchase: $61,000 (plus $40,000 construction loan) using private moneyRehab: $25,000Refi:$ $101,000 (rate and term)ARV: $160,000Rent: $1425Property management: $114NOI: $1,183 Principal + Interest: $601.24 Cash-flow: $468 What made you interested in investing in this type of deal?

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?