She is not in a position to lend a personal loan to me. 

Maybe consider a conventional reno loan like the Homestyle or CHOICERenovation. 

Hi everyone!
My wife and I have an opportunity to purchase a property in South Lake Tahoe from her father. Over the past 10 years, he and his late wife poured their hearts into building this home (with permits, of co...

Tariq  It depends on the type of loan program.If it's a Freddie Mac loan 6-7s depending on PPP, LTV, Fixed Term, and location. 

I also have personal W2 income, if that matters.Is there a loan out there for a set-up like this at 15% down? 

Loan Amount 110kCurrents Rents $1,375/moMarket Rents $2100 5 bed 3 bath Happy to look at pricing for you with additional details.cheers!

You are paying the same exact rate of interest each year based on your outstanding balance.

For your 1st time, pay a Property/Land/Transaction Attorney to review the title commitment with you to make sure that there are only the outstanding liens on the property, and that the owner has title.- Collect Tax Certificate to verify Property Taxes are Paid- Get a current statement from the seller to verify the existing balance, if they are delinquent, you can get the bank on the phone to verify the amount to make the loan current.- Review the loan documents, there is most likely a due on sale clause, which is why you won't find a title company to process these for you.

The appreciation has been outstanding. 

One needs to have outstanding local market knowledge to underwrite effectively.