You should get a better rehab estimate from contractors rather than eye-balliing it.

Have your agent show you the property, estimate your renovation costs and after renovated appraisal value then make an offer based on that.

The total estimated value of the properties is roughly $740,000 and the gross profit after expenses for 2018 was about $80,000. 

BUT, I am concerned about the estimated rent that Bridge uses on their website for each property.

I would estimate $500 to $1000 assuming you want title insurance.

Can anyone give me an estimate for how much each costs per year?

The estimate on Zillow is $134,000.

@Chris Reynolds - likewise, it took my about two years for the property to appreciate to the point where I had enough in equity to do cash deals, however in my estimation the wait was well worth it for two reasons: 1.

We definitely looked at, and estimated those bigger items. 

Then how to count the closing costs for an accurate estimation of the total amount needed?