I have been talking to principles in this group for 14 months.

Basic concept is correct.However, in simple terms, after all other expenses, your depreciation would need to equal the sum of your actual Cash Fow and your principle reduction.....which would mean you have a near break even or negative cash flow investment, more so as your principle reductions increase. 

And only last week, this principle saved my skin on a property I made a huge mistake on early in my career.

Don't forget depreciation is not included nor is principle reduction nor is potential for appreciation.

The principle of ethnic self-determination made its way into the United Nations Charter, and it lurks in contemporary domestic discussions about the political and cultural rights of every kind of minority.The Clinton campaign's assertion of her electability based on "hardworking white American" voters reveals deep divisions in the Democratic coalition.

Also if it were me I would want to purchase them at a discount based on the principle amount of the note and not it's fully amortized value.

Your principle & interest payment should be around $1100, depending on the exact rate you get.

So the borrower pays their normal interest rate and principle (the lower the interest the more you pay to the principle amount) along with hazard insurance and property taxes.

Just concerned that there was some confusion as to Tim wanting to be secret but telling others to open up and share their background.Oh and Tim, I believe in your resume area, you failed to mention you also were a loan officer for a while as well.Just remember, the WCRT that some people are not welcomed at, but that list is less than 15 people over the years has a motto of "Success by Association" which is founded on the principles of "Learn, Grow and Give Back".

In principle I think real estate investors all seek cash flow, but how we each get to that cash flow is really core of debate.