Carlos mentions that you can also exploit seasonality to get comparable profits like this, and recommends some ranges to seek remodels in (thank you for sharing those!).

Some HELOC lenders require you own the property for 6 months too, so I'd recommend to check that when shopping too.  

I wouldn't recommend Azibo, especially not for accounting.

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

What creative financing options would you recommend for managing secured debt when traditional refinancing or selling isn't viable at the moment?

Quote from @MarieChele Porter: I highly recommend you join the California Apartment Association.

If you're able to keep it relatively private, I'd highly recommend it.  

I understand Detroit has a checkered history with bad areas, but I don't know what the recommended areas for rental properties are right now.

My recommendation would be a documented loan with terms you find acceptable, not a partnership.

@Austin PrewettFor a rookie investor, I would not recommend a property that needs a heavy rehab or a property that is a tear down.