Quote from @Beth Johnson: We pass all loan servicing charges through to the borrower including set-up fee, monthly fees, and any servicing charges such as payoff demand generation, and loan close out fees. 

You borrowed $388k and you’ve paid your loan down to $384k with your $30k in payments.

Loan pay down and depreciation.

We use a construction loan to build a 4bed 4 bath cabin.

I try to pay off all loans as fast as possible because I feel like money wasted on interest is overlooked sometimes as people only focus on the amount of money coming in rather than the amount saved.As of today, I'm just focusing on establishing the best systems to analyze the markets, find properties, get financing, make wise renovations, and manage my rental properties.

If the interest rates go up to around 7% again do the numbers still work for the remainder of the loan? 

Keep in mind that this comes with high turnover, and (often) students who will beat the hell out of the property!

I rent to students around a university.

And you'll have a solid W-2 income to help you qualify for loans. 

Similar to what Patrick stated - most have ITINs and have seen a lot of loans like that and those are sold many times on secondary market. if not I know people who still originate I would say they are tougher to sell on secondary market but there are still buyersRe: jay comment - price of notes has doubled over past five years on many loans - especially defaulted or loans with some hair too them.