I'm California-based where there aren't any real deals in my area, so I'm exploring Detroit as an alternative real estate investment market - due to the combination of it being a strong market and my having connections in the area. 

Sometimes a refi or HELOC can be an alternative if you want to hold onto the property.If I were in your shoes, I would start looking at a refi first and see if that would be the most beneficial choice. 

I feel like if you dont want to spend too much time figuring out the flow then it's a good alternative.

Is there a alternate way to structure it, please suggest.

However, an emerging sector, “community living arrangements (CLAs)” offers a lucrative and socially rewarding alternative.

Alternatively, put it on the market and give the tenants notice keeping in mind that showing times will have to be done with 24 hours' notice to the tenants. 

I'm hoping this forum can help me understand what my alternatives are.

Alternatively, put it on the market and give the tenants notice keeping in mind that showing times will have to be done with 24 hours' notice to the tenants.

Alternative is to get a board certified real estate attorney to assist you.

Alternatively, if you’re using QuickBooks Online with a plan that includes the "Payments" feature, you can collect rent directly through QuickBooks while staying on top of your bookkeeping