I think those rent estimates are realistic. 

From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action. 

You may need to replace insulation, sheetrock, or even framing material.The only way I would touch it is to have a contractor give me an estimate for renovation, then lower the price far enough to handle that renovation.

Utilities such as water, sewer, gas, electric, trash, etc (utilities are usually split with tenants, you’ll need to estimate your portion).

We like doing the hard work of doing due diligence, researching property histories, getting estimates, negotiating contracts, etc.We're also going to be looking to buy and hold in the near future possibly by BRRRRing.

Would you estimate the same for a 3-bed unit? 

Quote from @Jeffrey Bourque: ARV $350,000 - $400,000 3bd 1 bath 800sqft estimate rehab $70,000 purchase price $200,000What are your thoughts and should I do it? 

Quote from @Stepan Hedz: Selling fees (estimate), $30,000, and holding costs?

We have a roofer going out to give us an estimate on it. 

My question is, when doing an out of state fix and flip deal, what are your suggestions on finding contractors, estimating rehab costs, etc?