The problem is, you can't put the unique challenges that each single family home has on a spread sheet.  

The facts here are complicated and unique.

I've organized a plan to achieve my goal.  

If you don't buy, lender has to foreclose, complete the process, organs wait a few more seasons and weather the market and the winter.If you don't buy and the liens pre-existed their mortgage, they will still have to deal with senior encumbrances in order to sell.Nope, you are the solution.

So, at least in theory, every list should be unique. 

One commercial mortgage broker friend of mine knows a very wealthy person that floats LIBOR but they own properties at a high cap rate.They float to generate excess cash and as the hikes start floating close to what you can lock in long term fixed for they start converting some of the portfolio but that is a unique situation where this person is so wealthy they can get way with things like that.People buying at low caps with floating or even fixed with a 3 year balloon are asking for it.

-Check out the local organizations around Grand Rapids - the RPOA, West Michigan REI Club, and other meetup type groups.  

As Mike H said there is more to it in regard to the final rental price you rent it for and your expectations.As for your first question, yes simply put it for rent and set a price and see what happens, everytime we have a new property this is the process you can research and engineer and figure and figure and figure... but the reality is the rental price will have to do with what the market will pay for your unique property no matter what anything else is renting for around you.

@Bryce SatterlyThe bigger groups are:Salt Lake REIAUtah REIAUtah Valley REIAAlso, folks here have organized a social meetup at The Huddle (2400 East Fort Union Blvd) on the first Thursday of the month.  

For whatever you need, you might need around 200-500 hours spent on organizing everything you need, excel sheets, contracts, forms, target prices, SKU lists on most big box stores, etc.