This is the purpose of the second book, and while it may not get you to exactly what it will cost to renovate the very first time you do it, it should get you in the ballpark.This will allow you to formulate a reasonable purchase price that you can use to try to get the property under contract. 

I am just starting but I'm starting to formulate the beginnings of a strategy. 

You just have to take all the comments and formulate your thoughts. 

Through BP I have been able to formulate the letter to send to the current PM and tenants informing them of the transition, but beyond that I am still finding my footing.

Sounds like you are taking substantial action and gave a well-formulated plan.The challenge with real estate clubs is that, like BP, most of the participants are new so you'll need to vet the clubs both for membership and content.

This person is clearly an adult and can formulate for herself what is and is not the course to take.Here, to hopefully bring this to a close - I been sued and have sued.

I haven’t checked to see if there have been many ADU properties sold in the past year or so in the Minneapolis area, so it may be a non-issue, but it’s always worth it to keep in mind that an appraiser is paid to formulate a data-driven opinion (opinion being the operative word here).

This will allow you to formulate the LLC during the inspection period. 

Great advise and insight.This gives me more assurance in formulating a strategy for this property.I have the ability to make an all cash offer to close, that's why I was wondering how low I should offer to begin with.80% of the listing price could make the numbers work, but I need to find out what specific work needs to be done, ie: non-permitted work that might need to be torn down, plus rehab costs etc.The current listing price is slightly above market comps then you add in rehab.

Spend the next two days formulating that plan with an attorney and then request the current owner to execute the plan.