I'm very intrigued by this now, as getting 50k down for five, 50k town houses wouldn't be a big deal. My main concern is the exit strategy. If you wanted out for any reason (emergency, upgrade, got bored, etc), I have to wonder if you'd be able to sell quickly without losing your ass. Even doing a 5 year, interest only balloon seems risky since you might not be able to just refinance into a commercial loan.






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