Please share any successful principle reduction situation you experienced.

A keen understanding of the market and the prospective retailers for this location is essential for its success.

After that first payment, the balance is reduced by the amount of principle in the payment.

The principle is the same.

technically we don't pay rent in the normal sense so essentially we are going from NO cost of housing to having a mortgage and everything that goes with it. we get more money living off base than on so its not that we are trying to find $1k out of thin air but we are having to pay electric, water, trash etc now whereas its FREE right now.

I don't think this is essential but it does give the listing agent a little more motivation to sell me the property because then they get both sides of the commission.

That way you save some money by not paying towards the principle payment.2.

We have a deal in principle with another investor and I'm wondering how others have structured similar deals in the past.This is a retail flip project.

Here's my understanding of how this is suppose to work, correct me if I'm wrong:Up till we transfer his half to me our Schedule E's will both show half of everything and be essentially identical.While we are partners, neither of us can deduct our labor as an expense on the schedule E, but if contributions get uneven a check should be written from one partner to the other to even it out, but that's not reported anywhere.When He transfers his half I can pay him managing fee's and labor cost for his repairs and deduct them.

I know it would be essential for me to meet more landlords and talk to tennants as well.