Part of the payment is principal and part is interest. 

Hey @Nathan WiebeNever done that but maybe one possibility would be to have the US friend to be the mortgagor.He doesn't necessary need to be the owner and it doesn't mean that he is the one, in practice, who has to make the loan repayments.This setup involves a great degree of trust between the friend and the Canadian investor to the extend that it is questionable whether it is a good idea or not to set it up that way

This part is time consuming, but it's important.

Welcome to the party.

After lurking around, I’ve decided to introduce myself and get more involved with the community.Currently, I am working full time as a field engineer while my wife is working on finishing her degree in nursing.

@Christian Nachtrieb - I'm using PML for entire purchase price and in some cases a portion (or all) of rehab funds needed for the project up to 70% of appraised ARV, so no other lender involved at that point and I do not put anything down.

@Jimmy Dudley  its sort of depends on where you live and closing customs.for instance on the west coast there is no such thing as a wet closing.. or having all parties come to the closing table.. simply never happens.so when we sell something here I usually go in and sign ( if I want to I can also just have them e mail docs and I sign and they send a courier to my office.. )this is done 2 to 10 days before closing.. then the buyers come in the 3 days before usually because they have their 3 day right of recession ( owner occ mortgages)  then the loan package goes back to the lender.. then the title company has to record in the morning.. and has to send recording numbers to the lender then the lender funds.. then the next day once this is done title company will cut checks or wire proceeds.. for us 100% wires we never get checks.. its always kind of comical when I am sitting in my office in Oregon closing a deal in some east coast state and the closing attorney sends me an email with the time of the closing and wants to know if that time is good for me like I am really going to be there..

location! location! location! thats the REI mantra, we know. Question is, 'but where?'...Open question is for for cash-flowing investment properties, which western states/cities/neighborhood should we look at? Seems l...

I finally got a third party contractor to inspect the property and about 30% of the work has been done. 

Hey it’s my first post on BP, i’m trying to get more involved on the forums and the site in general because i’ve heard from almost everyone on the podcasts that it’s been a tremendous help for them.