.: Quote from @Andrew Steffens: Curious what is the purchase price and taxes/insurance/HOA?

The interest rate on a HELOC or Heloan may be better than the personal loan. 

With insurance rates going up, best to find areas with the lowest operating cost.

What kind of insurance do you carry? 

I spent years there in Jackson did probably 1000 flip loans to locals and owned at one time 200 sfrs..

On top of that, depending on the severity of the structural issues, you will also likely run into problems getting insurance on the property or wind up needing to purchase very expensive insurance. 

I have been trying to save up money but it is not near a down payment for a traditional loan.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

So we would have to get a loan, pay off the seller and transfer title and then wait the seasoning period before doing a refi unless there is a bank out there that will treat it as a refi off the bat

With the purchase, the rehab, the closing costs and the holding costs (hard money, taxes, insurance, utilities) our all in is around $200,000, but we have created $40,000 in equity.