Quote from @Derrick Roland II: "but based on my pre-approval"  This is the most important phrase of your post.Where did you get that pre-approval? 

Does anyone have a "program" or formula to use to establish a reasonable list price based on current income and expenses.

I’m based in Atlanta, GA, and currently exploring passive real estate opportunities in the area.

. - that might be a situation where you would want to work with a contractor directly because you would have lots of different options with widely varying costs.

It could vary of course depending on the defenses of the tenant and if the court is presently backlogged.

Another variable in the amount of rent that a Section 8 tenant can pay is HUD limits their rent payment based on the amount of their income. 

However, a common benchmark is aiming for at least 6-8% cash-on-cash return based on your total investment (purchase price + rehab + closing costs).Always factor in appreciation potential, tax benefits, and personal risk tolerance.

I know depending on where an investor is in their fix and flip journey and the market this will vary, but Im curious because I feel like this is important when it comes to a good deal since some investors might not mind making less to have more doors. 

Based on what my real estate agent thinks that this quote will be, roughly, and the after repair value, it looks like I could buy this property in cash, spend a month or two fixing the damage, and then put a mortgage for roughly 1.6x what I paid for it and thus have a cash flowing property at a few hundred dollars per month and a little more money in my bank account ready for a down payment on the next deal.

The price we thought was very reasonable in this current market based off the other properties we have seen prior to that with similar layouts.