If you are looking to refinance with a rate and term or non-qm option you may be looking at around 6 month season.

I’m from Idaho but have just started considering similar investment options in the Detroit area.

I am wondering what my options are to turn these properties around.

If this your first, a flip may be a viable option so you can build up some reserves. 

Hey @Mohammad Al-hadad,The first thing I would say is that the cool thing about real estate investing is that there are many options and styles about how to invest and what strategies you want to pursue.

If sales price is 400k and I want 75k cash but tenets only can provide 15k, what are my options?

Hey jeremy, sometimes the best options may not be local I recommend asking some qualified investment focused brokers 

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

., seller financing, lease options, etc.)?

Certain suburbs don't have many options for multifamily, so you might have to open your search to other locations.