Yes, you will have a higher interest rate but you have to look at what it is going to cost you: If the higher rate is going to cost you an extra, say, $30/mo and your closing costs are, say, $6k, you are betting that you are going to keep that loan for over sixteen years. $6k/$30=200 then 200/12=16.66(yrs).  

Vetted the prospect thoroughly and thought it a sure bet.

Welcom to Bigger Pockets and to the sport of real estate investing.  

That would be your best bet.  

I would bet you could find a pretty solid one online.

I agree the neighborhood is a bit rough, but my bet is that it will be lot better few years from now..Rodent control seems an ongoing issue..

I bet you are proud of your achievement.Several pieces of info you have not shared with the community.

I'd say that a face to face meeting with a local attorney, ideally one who also invests would be your best bet..

:Expense, Income, and Appreciation Rates = 1% (I prefer to not bet on any of these.

But I bet you got the benefit of starting with it being your primary.