What's the process like? 

It's not "free" to sell a home, it's not just the realtor fees but getting a home "sale ready" is often different than "rent ready" and that doesn't even include potential for vacancy expenses and holding costs during the sales process.  

I was just trying to get input on the numbers as I understand the development process.

All the tenants are currently on month to month leases and the rent is below fair market and the screening process they went through is very shady and 2 out of 3 tenants do not pay on time.

I could certainly assist you in the process.

You could take the money off of that, but you'd have to pay processing fees.

Don't forget the electric, water, sewer, gas bills you will be paying during the rehab process.

The edges on laminate eventually peel up, and if it gets wet, that just speeds up the process. 

I am in the process of getting pre-qualified through Navy Fed.

Because his lease is 372 days, the State of Wisconsin requires I give him a 30 day violation notice and then we could start the eviction process.