Foreclosure and Rehab Near Downtown

[Jason Chopin]

Hello, I've recently been looking into foreclosed SFR and multi-family real estate investments in the Raleigh area, where I reside. Currently I'm running numbers on properties to get a better feel for the area.

Below are some images of the calculations I ran for a downtown property in Raleigh and here is the ad:  link, I can also upload the excel template if to Google Drive if anyone is interested.  I generally use the first scenario "A" for the asking price and a conservative rental amount.  

My main concern is the cash flow for the first scenario, but the BRRRR equity looks great.  Any advise here or comments on the calculation sheet would be much appreciated. 

I'm having my realtor research some comps to help verify the AVR appraisal and the monthly rent.  As this is my first investment property I'm still feeling very risk adverse...

Also, could anyone recommend a turnkey contractor to quote the rehab?   

Thank you and I look forward to being part of the community!  

Jason