I have a friend in Casa Grande, just south of Phoenix, that had a heat pump that went out.  

@Jeff Winslow, I lived in the TC market for six years until I moved to Grand Rapids earlier this year.

I'm from Grand Haven too.Thanks for all your input everyone, I've got some good leads now to work on.  

I would think you could get the masonry work done for a grand, flooring is whatever your space is, correcting the water source may be free, and figure on a drywall job on all the ceilings, probably $2-5 grand depending on SF and finish (popcorn, etc).

It's in Grand Rapids, MI.  

The meet ups in Grand Rapids are all free!

For example, Compass Realty in Grand Rapids is an excellent place to work the real estate investment industry--lots of experience and very successful.  

The interest saved would only be a couple thousand, which isn't a lot in the grand scheme of things but is 4% or so of the purchase price of the property.  

It isn’t that much in the grand scheme of things and you may have saved yourself from overreaching.

I've already done plenty of research on the conventional, Fannie/Freddie side of things (couple grand in closing costs and rate between 4.5 - 5 with no points) but noticed quite a bit more variance with the portfolio lending side of things.