You will be in for 28/29 months in order for him to pay the $15k down in principal to get under.

It cannot take action against an unlicensed individual who may be an owner or builder acting as a principal on his or her own property.The public and all licensees/appraisers should understand the following facts regarding Commission/Board investigations: When the Commission/Board initiates an investigation no one should make the inference that the Commission/Board believes a violation of the law has occurred or is charging anyone with a violation of the law.

Are they any trustworthy companies or entities that sale equity 2nd mortgage notes as a principal seller?

They seem to be more focused on picket fences and reassuring their principals that "yes, the color of the kitchen can in fact be changed with a can of paint rather easily". (2) You'll build a reputation among local investors and hopefully that will bring you more business and experience. 

I do plan to move almost immediately but am looking at this as an issue of principal.

I'm thinking of offering to buy on contract for 102K with 2K down and monthly principal and interest payments of $600 and a balloon payment in 2 years.

I am aware that disclosure would be the biggest thing when approaching a potential seller acknowledging my Realtor status; however, that I am acting as a principal in this transaction and representing myself, NOT acting as a Realtor.

I have found in spreadsheets that "Principal" is NOT considered an expense.

I'm a newly licensed agent in Tennessee, working solely in new construction.My builder/principal broker is concerned with being liable/responsible for the 2 rental properties that I own, live in, and manage myself.

Do you think its a good investment decision.We are planning to put 20% (31K plus closing fees) 37KMortgage will be 124KThe bank is willing to lend us money to renovate - 40K, i have an option to pay it off after all will be done and lower my payment.The monthly prjected payment (including tax,principal and interest) is $1495.00What are your thoughts.