Thoughts on 5 year balloon/ Reprice loans in today's enviroment?

[Colby Wartman]

I have a couple options on financing my next rental property ( duplex). One of them is a 5-year, 7% interest balloon mortgage. My experience with these is ZERO, however, I understand the concept. With the environment we are in right now (higher rates, higher end of the yield curve) what is everyone's thoughts on these products? Without getting into the weeds, I will cash flow about $150-$200/month (fairly good for our area) what is everyone's thoughts and experiences with these products? With where we are at in our environment, would you do this type of product for your investment? Thank you so much!