For example, for my out of state clients, I make sure to consult with them on their deal analysis and #s, I educate them on the good/bad neighborhoods, I help them develop a scope of work and estimate renovations, I set them up with my PM/GC/lenders/etc.

I'm having a hard time finding any estimating tools for this kind of a project, adding a story and multiple BR/1 BA, and wondered if there were any tools, sites or recommendations any of you have for this kind of a project. 

If I did set out to invest in the local area, I would scrutinize the numbers like crazy and be extremely conservative with my estimates.

My take on this is to underwrite purchases based on expected LTR rents (I like rentometer and the BP's own rental estimator), but start charging 1.5x that rent for your MTR.

Ask them to do a cost estimate.

If the roof itself is not covered, you can estimate your out of pocket if the whole roof has to be replaced. 

you just have to estimate them based on what the property needs.so if it needs a new furnace + a bathroom gut and remodel + new windows, you estimate that.  

Clearly there's a lot more ROI and work for a BRRRR.After finishing David Greene's BRRRR book and combing the forums, my impression is it'll come down to building the right team and doing our due diligence on finding and analyzing deals, estimated ARV, rehab costs, and rent /demand for an area with the most conservative estimates. 

People all of the time, "over estimate" the opportunity and "underestimate" the cost and challenges in doing a profitable flip.

I’ve used PriceLabs Revenue Estimator in the past with great success.