There is a difference between being right on principle and being right in the wallet.I would suggest setting the expectations and communicating that with them early on so that it is clear what type of landlord you will be and what type of tenant they need to be for this business relationship to work

I posted in Innovative Strategies hoping there were some but it seems the only brilliant ideas you have to offer are to make extra payments towards principal.My main point has been: "Replacing your mortgage with a HELOC" works on much the same principle anyway, and you would be wasting your $2,500 "coaching" fee, just to find that out!

Even if it appraises at $119000 I would then be able to put that 87000 back onto my Heloc for another deal and then my payment with Principle and Interest, insurance and taxes and HOA with Vacancy and a little for expenses would be around 700 a month.

Ideally purchase on terms with some decent principle paydown monthly.

Bigger Pockets is a super friendly sight that this is what we are here for. 

You should be cash flowing a few hundred a month then, have another 10 percent paid down on your principle and the house will be worth more.

As far as starting the principles are probably similar, though.

Well they now have a Senior state senator going against them, attempting to undo the sale.In the letter, Feinstein said there were “serious principles at stake” in the decision by the treasurer-tax collector to seize and sell the block-long, circular street and its sidewalks after the homeowners association failed to pay the street’s $14-a-year property tax for 30 years.

PITI is principle, interest, taxes and insurance.

My FHA loan foreclosed with a principle of $140,000.