Personal guarantees are more used for leverage on the principals in the event the note goes into default.

Hi Miguel - is your Principal Residence an FHA loan?

Or instead of paying the partner back their principal, can you split the after expense proceeds 50/50 or whatever percentage breakdown that would get the deal done? 

My payment is low and I don't plan on paying one extra cent towards the principal.

I am a principal broker in Virginia obtaining my NC limited non-residential commercial license to help my investor clients purchase multifamily and industrial assets in NC, and am seeking a BIC to affiliate my license with. 

You need to take into account appreciation (both forced and natural), principal paydown, and the tax benefit of depreciation expense to understand your total return.

You aren't taking into account principal paydown and appreciation.

I'm not accusing BOA of creating a predatory program under the guise of racial reparation, but many people could end up paying a ton of interest without much lowering their principal and then be left upside down in their mortgage should they wish to sell.

They are designed to make sure that the rental income covers the cost of the property and debt (principal and interest). 

Additionally, the study should contain 13 principal elements.Those 13 elements are:Preparation by an individual with expertise and experience.While there are no specific qualifications for the cost study preparer, they should be knowledgeable of both the tax laws for property classifications and the construction process.