My loan balance is $75,000 now.

Flip2freedom episode 77http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/ - LISTEN TO THIS TODAY!

Our AZ investor gets 10-20 higher price and then collects payments on the OBC- during which time he pays his mortgage (reducing the balance).  

I want a fair and balanced approach to investments.When you go to sleep at night you have to be at peace with what you are doing in the world.

Account ClosedWhat we do is have them bring verification from their bank which includes current balance, how long the account has been open, and a letter of reference from the bank about the client saying they have been good clients for X years.

It's an odd feeling to you watch your investment account balance go up in a relatively straight line.  

They gave the deposit and returned before 2:00 with the balance.

Perhaps you could strike a balance, purchasing a slightly farther-from-campus property and renting to people other than college students. 

My plan is to try and pay this down aggressively until I get the balance down to around $20,000 (which I anticipate taking 4-5 years) and then try to start buying investment properties.

You can charge 12% interest on the balance of the lien only.