So my building is worth $560k. 

Turn key rehab: $8K (cosmetic stuff - carpet, paint, appliances, new fixtures and landscaping)Cash-flow property for 5 or 7 years:Rent rates in this neighborhood are $1,800+, or $2,200 for mid-term, and $2,600 Co-livingExit strategy: Due to the 5 or 7 year appreciation cycle, your property is now worth $400K+ *calculators can do this now!

You’re not going to get a years worth of payments without a judgment. 

This is typically due to a high principal and low median rent within the area or its remote and I believe it may be a struggle to find tenants.

Here's a guide to learn how to calculate whether a property is worth investing in (or keeping).

I've seen that typically, 30 year fixed mortgages rates will be roughly the federal funds rate +2% (give or take factoring in other economic conditions). 

My broker couldn't get me my typically personal rate since it was so close to businesses and the homes are in my LLC.

I’m fortunate in that I live in the Detroit area, but their typical clientele is out-of-state investors.Best of luck Thanks, Sunny!

Worth area.

I checked the lease created through Zillow that does not show up any option for reletting but what I am aware (done it few times when one of my other property was managed by a property manager) is tenant could pay reletting fees (typically one month rental) that allows property to be re-listed.