Some people love that as the initial numbers look good, but probably over the long term they get tired of the common issues landlords face.It's not that hard typically to find a move in ready property, or even to find one that needs minor repairs, where you can capture the equity yourself vs the person selling it to you. 

Your best bet would be creating it yourself in excel.

I would say your best bet for your best rates and best payments would be a residential mortgage company.

With initial projections we were expecting to NET 60k/year. 

That’s the best bet.

I bet there is if you ask around.   

Reading Vanessa Peters book “the busy professionals guide to passive real estate investing” and in it she has a chart showing initial investment of 100k, 8% preferred return, 20% cash on cash return including sale of property, and 5 year hold.Each year she shows $8k return (years 1-4) then a $168k return in year 5 including the return of equity.

Definitely ask for a POF and make sure that the initial deposit in large, placed into escrow and is non-refundable after their short initial inspection period.

I'll bet you a cup of coffee no one has working keys.

What was your initial plan?