(Unless you can reinvest the profits into significantly better deals).

Sounds like a non starter.......there would be no payment history so it would sell at a Big discount and those note buyers are looking for Larger yields and Lower LTV’s than your standard refi.  

You can always recoup that in your tenant buyer fees and profit. 

This isn't typical unless you're running some sort of Non-profit or charity organization. 

If the estimated profit is 30k, is that worth the risk?

My Thoughts:With interest rates on the rise and the fact that I am basically breaking even on the property with no positive cashflow, I wonder if it in my best interest to sell and do a 1031 exchange into a larger multifamily that would generate positive cashflow before interest rates become to high for the numbers to make sense. 

I have looked into taking training on Yardi systems but haven't seen any available at an affordable price for someone not using it for a larger company.

If you are doing a flip, make sure your profit margin is high enough to do it right.

@Richard Sherman I received a profit and loss statement from the previous owner’s realtor, copies of lease agreement but no contact details for tenants just the names on the lease.

He's looking to turn it into a 4br 3bath and possibly turn the basement into a livable space.He offers a promissory note for a payout of either a set interest rate or percentage of the profit, whichever is greater.