Yes, the principal reduced should be part of your financial position.

Now if you approached me for a loan and asked for 67k and would pay me 13k in interest, with first position mortgage, and the total hold time was reasonable.

I am currently in a good position to buy because I have reserves, the credit, and SOME cash to work with.

Jeremy, you are in an enviable position and w/o kids now may be the best time to go for it.

I have an interest in the commercial real estate market and have been considering the Commercial appraiser route or Analyst positions.

If you were in my position what would you do?

Enter the following search terms: "owner financing, no money down, positive cash flow" . . .

I read a book when I was young called "The Power of Positive Thinking".

Anyone know what IRS position is on this?

I would allow him to sublet however I would have to approve of the roommate and it would make the process a quite bit more difficult.I'm still in that "new idea" phase and I only tend to look at the positives.