It really is an amazing space, probably one of the last property types yet to be institutionalized but it's coming - public REITs own less than 3% of the existing stock and its estimated only about 15% is owned by private institutional investors. 

I named it by street name & number, it will make it easier for me when searching for the estimated property value.   

Assuming my plan will work I estimate my cash flow would be about $285/month because of the higher rates and shorter term on the HELOC.

Does anyone know if there's a website that you can put in an address and it'll calculate how much it will rent for, estimate cap exp, mortgage, taxes, vacancy, etc.Could save me quite a bit of time to have rough estimate rather than figuring the numbers every time.

@Keyonte Summers If you're estimates are right, then that sounds like a home run!

They know the longer they are in existence the higher their cap ex estimate number will become, but they still estimate based on their past actuals knowing it is under estimating the life time cap ex (and yet I still claim they are one of the more reputable in part because they are honest about how they derive their maintenance/cap ex numbers and if you ask they will admit that long-term it is under estimating the real cost). 

If I have $15,000 into the property monthly payments estimate to about $308/month (Principal, Interest, Prop.

@Mike Resnick, based on what the owner needs and the estimated repairs, I don't see how this is a deal.

They used Rentometer to estimate the rent for a 1 bedroom in my area.

The estimate was something ridiculous like $8,000.