I can't recommend Grand Rapids and West Michigan too highly for investors. 

During the time he held title he executed and recorded a Transfer on Death deed naming his two sons as the beneficiaries As Joint Tenants and his grand-daughter (child of one of the brothers) as the secondary beneficiary.

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.