Sincere thanks for your kind words @ David Dey I promise I will ethically transmorphify into bigger, better, more survivable and self sustainable sea creatures in my REI journey 10001 leagues beneath the sea.

For 4 years this house and property have been my work after work, a constant challenge to my creativity, flexibility and work ethic, and the sole benefactor of all my disposable income!

It will outline how much is owed in arrears and fees and what the principle balance is,I would just offer what works for you.  

I'm just glad this happened as soon as it did.If any agents are reading this, please be ethical with your clients.  

We had a nice chat and I thanked him for the info and working the landlord to landlord code of ethics.

Now that should be a good one folks, Dawn seems to me to be full of energy, strives to do things ethically and profitably, she has a good grasp of accounting that helps her I'm sure.

In your example, the 15 year loan is paying down principle at double or more the rate of the 30 year note.

Aside from real estate books, I would highly recommend you put The Success Principles by Jack Canfield on your reading list. 

This principle is something that has assisted me since day one.

If you use the 3.5% down payment with a 30 year FHA loan, you will have .85% of the principle (divided by 12) as MI each month for the life of the loan.