Taking a personal loan to purchase a home

[Dazrell Fleming]

So I found a deal for 45k on a single family home valued at 75k. Since the home is under 50k I struggle finding a bank to finance the deal as an investment property. So I applied for a personal loan at 10.9% apr over 84 months. With the idea of doing a refinance cash out loan in a year. Some pros: I get to avoid putting down 20% and having 6mo reserves on investment property. This is my first deal, am I on the right track or missing a key component? Daz