in my opinion, if a deal stacks up on it's own merit, then it should be funded on it's own merit - however, while i would prefer that funding to be cash, i think i'm going to have to borrow for this one.
Aaron, IMO part of the DD for a deal stacking up includes the carry costs - no biggie. If it covers all these costs & you make $, who cares in the end?
I understand you feeling more conservative in your situation but it definitely sounds like a goer to me. Good luck!