There are Super Lines which are automatically superior to all other liens regardless of priory from recording.It is important to understand that a lien may include amounts above the principal balance such as interest, fees and advances.  

There is also principal paydown (which is known), and potential appreciation.

The monthly payment amount seems low if you're talking principal, interest, taxes and insurance.  

I am a licensed agent and I hang my license with a broker, how would the commission work if I am the principal in these wholesaling transactions?

I'm so blessed to have fell into that situation because it's consistent cash flow each month that I just use to pay off the principal faster.  

So all the additional money after principal is not just interest and it also covers annual expense.

This is my first time taking out a mortgage so i hope you guys can enlighten me on this subject....So over the phone, the lender gave me all the numbers, how much i needed for the down payment, the APR, the monthly principal and interest payments, pretty much everything.

As purely cash flow there really isn't any.Some just hold high quality properties for principal pay down and tax write offs so they have paid off assets with retirement.

Having a licensed broker on your team (as a LLC minority partner) always helps if you are not licensed.Or just do not fight city hall and get licensed and act as a principal and declare that to all concerned.

Property Info: 30+ years multifamily, fully leased, roof recently replaced, great rental area, HVAC looks very old.Price: $258,240Loan Info: 5%, 30 year fixed, 20% downCash Invested: $51,648Monthly Loan Payment: $1,104Monthly Rent: $2,255Vacancy: 5%Taxes: $2,522Repairs: $1,500CapEx: $1,800Insurance: $1,100Management Fees: 2,057Total Operating Expenses: $8,779Net Operating Income: $16,928Cash Flow: $3,675Estimated Appreciation Rate: 3%Estimated Appreciation: 7,747GRM: 9.5Cap Rate: 6.6%ROI w/o appreciation (cash flow before tax + principal reduction + Tax Saved): 13.6%ROI w/ appreciation: 28.56%