HML is an interest-only paid monthly and a balloon payment on the principal when you exit. 

Maybe you owe an apology to all of us who took the time to respond in a meaningful way to your post, when the value you place on such efforts is nothing more than a running of the mouth?

(Principal,interest, taxes, and insurance) Usually with traditional financing the lenders has it all handled but what do I do in a seller financing situation??

You will inspect, then refund any deposit he is owed.

Lastly, once your PPP period expires, you are free to pay down on principal all you'd like with no penalties.Non-Recourse Lender - offers an SOS if things do go south and you can't make payments.

Hello,I have about 100k cash sitting in my checking account and I am at the verge of a refinance.Paying down 25k in principal will help me cash flow about $100 each month.Would it make sense for me to invest else where for better returns or paydown at least 25k principal.Appreciate your inputs.Thanks

@Mark Douglas Here's what a lender is going to want to see when they make a loan (no matter what they may tell you)... if you default on the loan, they can unload the asset the next day and then come after you personally for the difference in what they sold it for and what you owe.

This refers to the rental income produced by the property above the Principal, Interest, Taxes, and Insurance (PITI).If you are buying a 3-4 unit property, you will need to have additional funds to meet the reserve requirement, which is typically 3 months of PITI.

The knowledge on here is tremendous and personally owe quite a bit to BP.That being said, it seems like over the last few months the quality level is going down.

Is it possible for me to later occupy the property to claim the $250k tax exemption for proceeds from the salesale of a principal residence?