I will attempt to make some assumption(hopefully accurate ones) for the unclear potion of your explanation.

I've tried to search as much as I can online but I've never found an indepth explanation of how the interest is paid, like if the percentage is calculated monthly like a regular mortgage, or on the lump sum.

Hi I am looking for anyone in the Orange County community, hopefully Newport Beach area that would be willing to sit down over coffee or a beer and maybe give me a little guidance and explanation on how to endeavor on my first real estate investment.

I love your clear explanation.

The rest of the text is small details, requiring more explanation which I give to the groups.Just post or PM whever you need and I will try to answer what I know or find the answer if I am familiar with the information.To your successTony BaricevicMortgage and Equity Consultant

For a more detailed explanation, check out this article I wrote a while back: https://www.biggerpockets.com/renewsblog/brrrr-buyrehabrentrefinancerepeatprimer/.

@Kevin Romines gave a great explanation above. 

My explanation is this.

@Caleb Heimsoth They gave no other explanation other than “We aren’t buying it” so we are feeling like we are being discriminated against. 

Sometimes this gives you more time and a more detailed explanation.