They dropped the suit and we were then offered a reduction in principal. 

The GFCI is a solid-state technology, that works off the principal of, what goes in must come out.

Keep in mind paying down principal is not deductible

What are those invested in today and what is the mix of principal security and income that investment portfolio is providing?   

If Rental Income is being derived from the Property being vacated by the Borrower, the Borrower must be relocating to an area more than 100 miles from the Borrower’s current Principal Residence.

One big question is it proper to include principal portion of the mortgage as "income" (or in other words exclude it from expense) because that's not a "true" expense? 

Schedule a face to face with the person that brought you to the company and principal. 

How the IRS defines a principal residence: “If a taxpayer alternates between two properties, using each as a residence for successive periods of time, the property that the taxpayer uses a majority of the time during the year ordinarily will be considered the taxpayer’s principal residence.”

Then if the remaining income covers your PITI+A (principal, interest, taxes, insurance, and any recurring items like HOA), then the loan is approved without reviewing your personal income situation (tax returns or W-2s).

How do you as an individual intend to use the property (e.g. principal residence, commercial building being used in a business, etc)?