Commercial Deal Lending Analysis

[Amy Raye Rogers]

Deal analysis: 5 duplexes for 157k each. Market value on each is 185k. I have a line of credit I can use for the down payment. However, using that neutralizes the cash flow. I was thinking of asking for an interest only commercial note to create cash flow and 1031 the current + appreciated equity or refinance in 5-7 years. Current rents average about 1500 per bldg.  No rehab required.  Thoughts?