I’m going to say any time you see or hear the word “balloon” associated to a real estate deal, RUN!!!! In my opinion those are deals designed for you to never be able to pay them off before the interest rate goes up!!!

It all depends on the rehabs.”Full” could mean the place is nothing but the bones, or it could be just cosmetic… you know carpet, and paint. Now I’m not sure how much you would have to put into it. But if you could get $1k a month per unit that $18k a month and $216k a year. Your mortgage would be less than $3k a month if you put it on a 30 year. Now if you did it right you could have it paid off in 5 years and still pocket $100k a year for those years. So if the rehab doesn’t take you out the game it’s a good deal