You know you can send in advance principal payments to skip the interest payments, correct?

I DO NOT get sick, But this time I didn't take my magic stay healthy elixir because I wasn't home.Tim Smith,That is correct, your deduction for passive rental losses are lost.

Originally posted by Allan Landfried:I should say "... rest of the lease until the unit is re-rented"Kyle J. is still correct.

That is not correct Rich.

Marc very correctly pointed out that there are still a whole lot of people doing Lonnie deals so the idea they are dead would be incorrect when measured against that standard.

With a little help from studying J Scott's wonderful site I soon corrected that mistake, sold the house and made a profit......Anyway, I am thrilled to be a member and I look forward to actively participating.

LTV might be planned at 70%, so basically you are correct in the 100/300 area.Sounds like there are unasked questions.

Forgive me if I am not posting in the correct place.

Will correctly pointed out that you might seem to be currently breaking even on paper, but things like vacancies and any repairs and maintenance will put you at a loss each and every year, and maybe a little less so in 4 years if you refinance now.

if i understand correctly, you can buy today, have your normal expenses, but only have interest wihtout required principal.