As a commercial lender the rates are lower on cash flowing properties. 

Seems a bit more difficult to list rooms as opposed to a whole house, but I guess I could advertise elsewhere and invite the applicants to Apartments.com to apply.

Winters can be tough so we use airDNA to get a sense of the Average Daily rate and occupancy for the year.

The private lender interest rates are high.

However, it’s essential to consider the challenges of investing in Detroit, such as high crime rates and poverty, before deciding.

Just a warning, heloc rates are high right now, mine is at 10% but you could find a better deal for a short period realistically. 

Please share companies with competitive rates.

Assuming CoGs and G&A are zero...Revenue (rents) - operating expenses (Advertising + Auto & Travel + Cleaning and maintenance + Insurance + Legal + Repairs + Supplies + Taxes + Utilities + Mortgage interest + depreciation = Gross Margin (also your EBITD) ** Include interest and depreciation here?

Getting alternate financing (wm2nd, heloc, etc) for equity position may be possible but it will 1) be at market rate 2) may increase the due on sale clause. 

Most work this way Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.