You could save yourself some money if you manage it yourself.  

Thanks for the response I am currently saving money.

I managed to save little bit over $100K and am willing to put money to work.

Are you talking about private investors? 

I currently have about $10k in savings, paying $450 rent and will come out of college debt free.

Keep the rest (117k) for savings/additions/whatever else/maybe pay the monthly mortgage??

With a new appraisal.Would you be able to find another property that would earn you more than the interest you would be saving?  

I used 2 private money sources for this deal.

Spend your energy finding the best LONG term tenant possible and you will save yourself tons of headaches in the future.  

You would have to leave your cash & your down payment "in" the deal for 6 months.Now...consider the idea of using hard money or private money to fund the purchase and the rehab on day 1 with none of your own money down. ....so there is none of your own cash in the deal.