County water gets shut off and turned on at the drop of a dime. 

Is there partial fixes (ie. new roof, wind resistive windows and doors, etc.) that will accomplish what you want on reducing the rates.

Here are the #s:Asking $129,0002 bed 1 bath 718sqftEverything has been updated15% Down - 9.5% Interest rate - 30 yrs amortization, no ballon Rents around $1000 - 5% Vacancy - $700 Taxes yr - $741 Insurance yr - 10% Property Management - 1.5% of rent for Maintenance and 5% of rent for capital expenditures. 

Compare rates, compare specialization (you don't want to go with any bank if you choose a 203k - go with one that has experience handling them).

My current APR is 7.15% I'm pushing towards the HELOC because lower cost on closing costs and refi interest rates are the same as my current loan right now. 

Look on Airbnb and see what the competitors calendars, nightly rate, and amenities look like, and it should give you a pretty good idea what the numbers would look like for that home. 

The rate quoted was 8.875% so I really want to stay close to that as well.

We should see rate cuts in 2025, so there should be relief on the way.

The property is a great deal so I'm hoping to refi down the road in the event interest rates come down to a reasonable value, then maybe repay most of the personal loan at that time.

What’s the interest rate?