Unfortunately, unless the money is gifted, it is not as simple as them just writing you a check.Passive investors receive at least 50% of the deal, and usually even higher based on your experience level.

@James Marshall Bank has the right to call the loan, but usually wont as long as they are still receiving payments.

Usually cutting the amortization and hiking the rate which often times doubled their payments. 

Just remember: most negative reviews are written by problematic tenants.

Usually the tenant would claim against the owner, and the landlord's insurance.

The earnest money was $1k and deposit was $4k, yes seller keeps EM if I don't perform within my time period however my escape clauses usually covers me from lossing my EM.

And if this is your primary income source as an investor, when you go through a recession, your’s is the income that is negatively impacted the most. 

You will likely get a lot of negative responses.

@Michael Plaks @Eamonn McElroyAs usual I browse BP for tax forums and am staying up later than I should.I think Pubs 527 & 535 are helpful here...When you refi a rental for a higher amount than the initial balance, the amount over the initial balance is not deductible.

For larger projects, I usually set a $ per unit per year based on the asset class (i.e., $250 per unit per year for B class apartments).