I'm conscious of trying to make a bad deal look good, but the property is located in a good area so I'm hoping I could get it rented out relatively quickly after the vacuuming.Noted about the taxes.

But seriously, the countt eats all profit.

That could eat up all the profit you've made in one blow if the loan is unsecured...

That amount could easily eat up your cash flow. 

"Give a man a fish, he eats for a day.

But even the latter people should be conscious of opportunity cost.

Here's my reverse 1031 story:I bought my replacement property on 11/27/18, with the EAT as the title holder.My relinquished property was sold on 12/31/18.The EAT assigned its membership interest to me on 1/3/19.For tax purposes, I know that on form 8824 line 6 I report the replacement property as being acquired on 1/3, since it was "parked" from 11/27 til 1/3.

There’s enough wealth for us to all eat!

My favorite type of meetup is just where I can go, eat some food, drink some beer (if you want) and network and talk to people.

@Kyle ReynoldsMy answer is maybeIf you want it as your primary residence (either now or in the future) and can eat the cost, then why not.