My estimates (not including GC overhead) indicate framing (materials & labor) in the $11/ft2, Plumbing & electrical in the $4-4.5/ft2 range each, HVAC in the $3.75/ft2 range, sheetrock & insulation in the $4/ft2 range, cheap vinyl siding in the $3/ft2 range.  

I've heard some people say you could got a traditional mortgage to start off, but I've also heard that people are shying away from this method (traditional mortgages are dead?).

Numbers looks good if no capital expenditure in near future like HVAC, plumbing, electric and all recently updated otherwise add 5-8% towards capex. 

When done correctly this method can provide liquidity, guaranteed returns, security from creditors, disability protection, and finally a death benefit.  

Plumbing is good.

I'm seriously considering using the BRRR method to obtain some rentals, but before I pull the trigger, I'd like to know some of the pros/cons other BP investors have run into with this strategy?

Thanks on the input @rick Harmon Thanks for the advice, I work for a plumbing company and had work in the neighborhoods and talked with my customers about the property and they have said that the home owners just up and left the property, but I will be giving a call and try to get in touch with the right owners

The quit claim deed worked and we are not under construction to BRRR method.

I used two financing methods. 1.

I have what I believe to be a good team put together between plumbing, electrical, landscaping, and general contractors, but will I be able to use anyone who is not on the "203k approved" list?