We will be putting $3,700 down, and borrowing $15,000 over 4 years at 5%, which is 4x the interest rate our relatives make on their savings in a bank CD, making both them and us very happy with the terms of the transaction.After closing, we anticipate ~$4000 in rehab costs to bring this very tired unit up to date, which will include refinishing the hardwood floors, complete repainting, new kitchen flooring, new counter top, new appliances, new lights, blinds, fans, toilet, etc.  

You seem fairly happy with your career and risk averse so nothing wrong with your plan.

Happy to connect!

I'm happy there's actually a site like this and can't wait to get active!

It's been a while, but I was extremely happy with two decks built in KCMO by Mike Linn.

I “thought” they would come back and get the second in the next few days.Unfortunately four weeks went by and despite certified letters and phone calls to the previous owners from the realtor, it was never removed.Ultimately I paid a guy $275 to make it disappear.Obviously, I have not been happy having to deal with this problem for the last month and the fact that I had to pay for its removal is maddening.Especially since I feel that both realty companies, the previous owner and the contractor all walked away with my money and I was left holding this bag.In the future I will not make this mistake.But, my question to BP is whom should I attempt to get reimbursed?

I haven't actually used them, but they seemed happy to lend in the Augusta area as of 2 months ago.  

As far as who you should reach out to, I'm happy to have one of the market center team leaders with KW in San Diego reach out to you.

I'm a Broker and would be happy to lend a hand where I can. 

I am actively investing in Knoxville and surrounding areas as well as work as a property manager, if you have any questions I would be happy to help or send you some info on properties in the area if you would like.