The loan and payback is just reshuffling money on your balance sheet.

Hits to the principal balance is to be avoided.

The other issue that come from a lender loaning money to purchase a company would include business plans, viewing the statements of cash flows, balance sheets, and income statements from the selling business for whatever period of time they want.

I always look for 12%+ Cap and 20%+ COCR to filter then I start breaking down repairs and potential rent income to find that balance of how much I have to put up front in repairs vs improvements I can do with reserves after collecting rent for a while.

If so u can add their name & submit a bank statement showing acct. balance.

Maybe refi the current balance to increase cash flow.

And Aly, appreciate your perspective as a long-distance landlord (I was wondering about self-managing long distance landlord situations).Some great insights for me to consider as I figure out a balanced approach here.Thanks everyone..Rick

I feel this is a healthy addiction though as long as you keep the rest of your life balanced!

It simply goes to decreasing the balance owed on that loan. 

It's so simple to work with a real estate agent and find an additional property as well to avoid tax on the balance of your gain...