Incorrect.

Realtors often claim they're restricted to Realtor use, but that is incorrect. 

When money clouds decisions, ethics are often the first casualty.

I'm currently in the option period with it ending on Monday so I need to make an educated decision by then.

But that is more of a business decision.  

There are a lot of factors that go into the decision.

Also, I personally wouldnt cash out refi right now just because the interest rates are high but thats just my opinion and it really just depends on the numbers if you want to make a calculated decision. 

Hope to make my decision soon. 

If that's not the monthly income, you are arriving at your cap rate by using incorrect expense ratios/expense figures and/or the property benefits from an extremely favorable tax abatement which skews the operating costs.

But it won't affect any remaining profit you leave in the 1031.Here's a couple thoughts that you'll need to think about to make a good decision.1.