I'd love to utilize their expertise when assessing a property since they are local but I'm not sure what the general expectation is when I don't have a tangible property and I have not entered into contract to work with them yet.Some questions I have are: local regulations/permitting timeline, property's potential from their perspective, landscaping/amenities cost estimate (they also help facilitate this).

Use tools like MLS, Redfin, BiggerPockets calculators, and Zillow for cost and income estimates, and enhance research through networking.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

I estimate we should be able to cash flow ~$400 per month after 10% for Cap Ex, vacancies etc set aside. 

The ARV is estimated to be 170-180K> A suggestion I have would be to get insurance quotes while analyzing your numbersThank you @Paige for the advice and I'll keep that in mind!

I said 1 BTC ($10,000) because that's the estimated price right now.

Second, the investment may have been made anticipating a chance of failure; for example an investment may correctly analyze that it has a 50% chance of a 25% ROI, a 35% chance of a 50% ROI, and a 15% chance of a 50% loss.  

People who have chimed in about being ok with using discount services are investors who are in the industry and are by definition not afraid of taking chances.

If it is near the golf course, a house that you would build there would have a good chance of selling. 

I ran some quick numbers and would estimate (assuming you have good credit) you could borrow around $415k-$420k, which includes funding 100% of the rehab costs.Have you calculated your expected profit based on selling after rehab and if you decide to keep long term?