I've floated about 18k on a credit card until the commercial loan closes on one of the properties.It looks like there might be some cheap properties near you:http://www.realtor.com/realestateandhomes-search/B...

Typical terms I get are 25% down of the purchase,100% rehab, 0 points, 20 year term.  5% fixed for the first 5 years and then floats with prime after that.Good luck!

Is it fixed or floating rate?

Sort of feeling like #2) will significantly increase debt and other investments is unknown and some tax liability.If 2) is already done, any ideas after 6yrs and the rate become float?

Floating floors are really meant for very level, solid surfaces. 

The thing is - most of the PPMs floated today hardly accommodate your thinking :)

Honestly, the extra charges usually float up to the owner anyway...FYI:  people think doing development or major fix and flips are great ways to make huge profits. 

I assume no roof or flooring changes and it was already taped/floated.

And maybe negotiate a floating or extended closing date of 30-60 days to accommodate any last-minute construction hiccups.Buying new construction to complegte a 1031 should be a relatively simple process. 

There's markets where you can keep the float of capital to 30k.