Timing will make a big difference leasing this SFH in Seattle— if possible, aim for your vacancy to hit the market ~May 15th to June 15th, maximizing time on market for a June / July lease start date— this will give you the largest tenant pool, lowest vacancy time & highest rent.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

For those that do not feel comfortable enough with excel to build out a tool on your own, I would suggest starting by taking excel courses focused on dynamic real estate modeling.

I would like to maximize value.

Consider looking into FHA or conventional loans with lower down payments to maximize your cash.

Get out of your comfort zone.

Start running numbers on potential deals to get more comfortable, and build out your team—like a CPA, property manager, and lenders.

One being a wholesale model, the other I call the profit maximizer.  

Hard to do in the beginning but that's where I feel comfortable. 

But the level of negative cash flow that you're talking about is quite high and it sounds like it's not something you're comfortable with and thus should look for something else.