Streamline / Limited 203k Loan. Is it worth it?

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Hello everyone,

I'm trying to decide if it is worth it to use a streamline 203k loan to install central A/C and remodel some of the interior, such as raise the ceiling, replace the roof / gutters, and remove and paint wall paneling.

The house is not in that bad of shape which is why I'm asking if I should use the 203k loan or dip into my savings. I'm 24 with a monthly income of $3k, however, this house will have my monthly income increasing to 4k hopefully.