I assume you have low-interest 1st lien mortgages on those properties that you don't want to pay off. 

If it is paint, inside, perhaps but even then they pay rent and you pay them for the work they do.

You have bills to pay and if they promise you your money by a certain time each month, then you should be getting it.

The numbers are fine to get your first deal off the ground, as I wrote above.

If it were sold through normal real estate brokerage firms, we would have to pay 6% commission, therefore I deducted 6% from the appraised value to arrive at an adjusted value  of $436,160.   

We need to find the middle ground and figure out what makes the other person tick in order to create situations where everyone wins.

I also received no scholarship or financial aid, and would be paying the full tuition each year. 

I recently bought a 4plex and I was told one of the 4 tenants did not always pay on time, so no surprise in my first month there was, you guessed it, one of the tenants did not pay.

i always thought that japanese make great tenants, respectful, clean, pay on time.

The rates for a purchase money loan (one where you take the loan out to directly acquire the property) vs when you do a "cash out refinance", which your loan would be if you chose to pay off the line with a loan on the primary residence, it typically done at a higher rate.