Potential Million Dollar Multi Family Investment Property

[Annette Gutierrez]

So I have this Potential Million Dollar MultiFamily Investment property . Fully rented. Long term tenants. I'm very familiar with location and units. Seller does not want to do 1031 exchange. They are willing to carry at about 10% cash down + would also like to put a lien on a free and clear property worth $200,000 non owner occupied for the rest of the down. There is a 5 yr prepayment penalty. Cap rate is 5.9. What are your all thoughts on doing something like this?