Pecunia non olet"

@Mary LopezThere are second tier lenders out there (non-banks) that will do small balance commercial. 

Cleveland investors often aim for COC returns of 8–12%, so you’re in the right range.Net Cash Flow: $277/month is positive and provides a buffer for unexpected expenses.

(In the simple / non complicated scenario)- time ranges - in the best / simple case scenario how long should I expect this process to take? 

But I do understand the OP points and I think that folks just really dont understand the work and risk involved in ANY rental property short of NNN leases with super strong companies I personally have one of those returns are 5% COC but all the headaches are gone.. you get what you pay for..

Must have multi-family zoning and be 500+ feet away from another non-owner occupied STR or you must live in the property for 6 months out of the year. 

If you could pay retail and make a good return, then literally anyone can do it.What you need to do is identify your area.

Return is also 12% interest only.  

I think I would probably talk to an attorney tbh these business purpose non regulated loans do not have rate locks that have to be honored legally.. they can and do change them unilaterally.. borrower accepts counters or declines and loan fails. 

Very few people are offering a GUARANTEED 7% return.