Of course, you can't account for getting a horrible disease in your 40s if you retire in your 30s, but I think the principals behind FIRE is what many people are looking for.Spending within your means, earning supplemental income, maybe not having to work a 9-5 because you earn so much from rentals, etc. 

Are you counting principal payment towards it?

Per Fannie:"The borrower is purchasing a second home and is personally obligated on his or her principal residence mortgage.

I explain the business structure and ownership models below:Company A - Georgia based LLC doing business in GA, NC, and OR   50.01% Owner/Member #1 (a Georgia Corporation [Company B], since 2008, IP sold in 2018 and corporate name change)   24.95% Owner/Member #2 (me in NC)   24.95% Owner/Member #3 (GP in OR)   * All documentation pertaining to the LLC (Company A) has been submitted   * 50.01% owner of LLC identified as principal for LOC processing     - the person behind the GA corporation, credit score 800+, personal asset 3MM+   * Have sent in the following information on Company B (the GA corporation):     - Article of Incorporation     - Bylaws     - All State Filings since 2008     - Is an S-Corp, the CEO is the owner     - ???

Here are my numbers, CAPEX 10% Repairs 5% Vacancy 5% LTV Loan 75% LTV Equity 25% Based on VAR (value after repairs) 125000 Loan 75% 93750 Equity 25% 31250 Monthly Fixed Expenses PITI (Principal & Interest, property, tax, home insurance) 1050 Property managment (10%) 170 Sub Total 1220 Eventual Expenses Repairs 170 Vacany 85 Capex 85 Sub Total 340 Total Expenses 1560 NET (+$160 Storage rental) 300 Q2- If I'm able to pay for it in cash, can I finance out it to extract equity in such neighborhoods?

If the tax liability is $100,000 because the additional $100,000 principal has not been received yet, is the additional $100,000 taxed during the year of the balloon payment?

@Vincent PlantIf you're really interested in purchasing the property, the best option would be to door knock and talk to the principal owner.

I use 6% interest only, so no principal.

With principal, interest, taxes and insurance, the payment would be $1,819.47 per month.

Living where you don't touch the principal.