Every extra dollar you put towards it will save you 6.375%, so it's basically a savings account with the same rate.If you have an emergency fund, need cash for other investments, and like to leverage debt more, I'd save all extra cash for the next investment and not pay extra on the principle. 

Running these numbers, the mortgage including interest, principle, taxes and insurance would be $2596/mo.

His focus is on delivering high-quality, cost-effective residential and commercial properties across the Midwest.He owns and operates multiple companies and applies lean manufacturing and production engineering principles to streamline construction processes, minimize waste, and maximize ROI.

College or “college like” education/courses follow a path of basic course work to intermediate to advanced.  

I get the general principle, but just curious if anyone here has used this strategy successfully/unsuccessfully and also if anyone has used assignment contracts to get it done?

My two original rentals I paid with cash were only getting a 5 or 6% ROI with my cash so I decided to use the equity in those properties to scale up and buy more houses (for free basically).

The terms have no interest, principle only and the principle would be equal to about half of the current rent.

A few thoughts based on experience and general legal principles (though of course, check with a local attorney for specifics in your jurisdiction):1.

You'll pay the gains ONLY on the principle that gets paid down, meaning the principle payment portion of the financed money (if it's amortized, not interest only) and the down payment. 

First, learn three things thoroughly - real estate principles, real estate law, and real estate finance.