You will be within close proximity to the University and approximately 5 minutes driving distance from the main city area, which also includes the hospital (could be good maybe for a medium term rental if close enough for travel nurses). 

Obviously this is a very rough estimate of the selling price.

Have a future load analysis done and get estimate for what you want. 

do you know how to estimate rehab costs?

They are month-to-month and pay below market rate.I would prefer to sell it in its current condition and estimate that a diy remodel would top out at $15k.

Based off the proforma, we would get approximately a 25% IRR.

Yes, it's possible, but you'd probably need to get approved in the next 30 days as I'd estimate a 60 day close (at least) for an investment property in the name of an LLC.

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).

Before using such a program get your own estimates.   

If so, then I'd send them the inspection report + the list of items you want repaired / estimated costs for and then use those to either negotiate the price down a bit / request seller credit for repair OR a combo of the two.