Help! Advice please!

[Tom Chen]

FINALLY closed on the duplex up in Syracuse. $45k 1st floor rented to a family for way below market rate at $600, should be around $750 - $800 2nd floor needs some minor work and should rent for $750 - $800 So apparently, major work needs to be done. New roof - $9,000 Kitchen floors and cabinets - $6,000 Does this sound about right for the Syracuse market in terms of costs? Lastly, and here's the pickle I'm in...I don't have $15,000 laying around for repairs (had enough for 6 months reserves but not repairs since home inspector didn't point out anything major). Does it make sense to take out a short term personal loan for these repairs? Any suggestions?