Another problem was that I was new, largely self-taught and had very few tools from which to rely on or skills of exoerience, to be candid.One of the best skills I gained was the confidence to walk away from marginal deals and not waste time on unmotivated principals. 

I think the property would be paid off within 5 years by taking the surplus and applying it to the principal.

Approximate amount in arrears $56,000, original principal balance $76,000.4.

If you are trying to hit a yield of 13% and you know the rate of your note, number of payments sold, and payment amount, you can use math to calculate both the principal sold and sell price. 

The benefit is the principal reduction over time, the appreciation you mentioned.Those that promote the L/O for a buy and hold deal should be selling this strategy for what it is, a method of gaining equity to allow you to get into a property conventionally to hold, you have no cash in it, you have to earn your way in.

A member of an HOA may be exempt as well, having an ownership interest.Someone who is a principal, a member of a LLC for example can be exempt from licensing of a property owned by that LLC.Managers of housing units owned by non-profits are usually exempt, such as a board member or an employee.Investors may lien on the angle of having an equitable interest in a property too much in some (many) cases.

So you are first acting as an investor/wholesaler/principal (disclosing you are a licensee but not acting as one) and you flip the contract to a cashbuyer.

Your capital gain income tax liabilities are deferred over the term of the installment note and would be recognized and taxed as principal payments from the installment note are received by you. 

In being aligned with these principals, ironically, I have fared better.

But neither the letter nor their websites indicates the name of the owner/principal, company manger, point of contact or anyone.