With 0% down and 30 year amortization, your monthly debt service will be $1756.

I have read I will need to use a third party service to make this happen.  

You cannot deduct your rehab costs until the property is in service. 

I suggest using a service like Mayistay.

And if not then why should an investor use your service at all?

Quote from @Collin Hays: From a macro standpoint, cash flow is difficult when servicing debt, at least in the early years. 

I've heard nothing but complaints from customers AND their franchise agents reegarding the quality of their 800-number service center. 

The major pieces of information you are missing include NOI which includes deducting all of your operating expenses from your gross rents sans debt service, market dynamics (what are vacancy rates and asking rents like in the market the building is located in?)

I would include servicing costs of the loan and licensing costs.

Have you reached out to any social service organizations that might be able to provide tenants to your property?