For example if you go into a house and it needs paint, new floors a kitchen and bath, do you price it out per square foot?

No matter where you choose to invest, it is important to remember that who you invest with is of vital importance.

If I choose 5 years for repayment of this loan, it will be about $210 a month. 3 years would be $320 a month.Are there lenders that would approve me for a mortgage if I used this loan to pay the down payment?

@Natalie Novak As a broker I have some very good ones to choose from. 

We recently relocated to Salt Lake and did not buy a house, choosing to rent instead until we get a feel for the place.

The standard mileage rate is subject to certain rules and you must choose to use it on the first year you have the car then on later years, you can choose between the 2 methods whichever will give you the most deduction. 

We put in completely new kitchens, upgraded the electrical, renovated bathrooms, new flooring and paint, etc.

This time you can choose the location.

The RMLO will provide you an underwriting  package with the following items: STATEMENT OF COMPLIANCE QUALIFIED MORTGAGE REPORT CREDIT REPORT PROOF OF INCOME REQUIRED LOAN DISCLOSURES SUPPORTING UNDERWRITING DOCUMENTS CLOSING DISCLOSUREThis underwriting package will also help you sell your note for top dollar if you ever choose to shop it!

You'll want to be familiar with the lease agreements so you can call the manager on any term they are failing to enforce.If you are local, you may choose to manage the property yourself and save the fee.Good luck and congrats on your purchase!