Without seeing the agreement in detail I would bet you have a good argument to sue for any costs you incurred in your due diligence but that will probably be the limit of it.

Expenses, insurance ect....once you have these numbers, you can estimate cap rate and NOI.  

If you estimate the amount of that spending and divide it by 12, that is an easy amount to stay under market rent.  

I'll share the basic details of my policy as well as the process we are being told to follow via insurance:$55k +/- fair market value of home$75k insured value classified as "replacement cost"$3k deductible with fire, water and smoke damage coverage$3k coverage on loss rents$39k principal balance left on mortgageWe submitted the claim online with the photos below.

I would estimate around 50 hours each month, May - August, so probably 200 hours.The profit should be $5000 after closing costs.

Any advice would be appreciated.Asking Price:             $270,000 (non-negotiable)Estimated Rehab:    $ 35,000ARV:                           $400,000Expected Profit:       $ 50,000  (after paying lender back and agent commission)

Maybe it will be a good number maybe not, but really I want to form a relationship with them and eventually try to workout a line of credit for future deals.I plan to provide a detailed folder with the current project start to finish, and show them the numbers from the BP calculator and how I worked the entire process.  

no way possible to answer this question... you need to be a little more specific.like whats it zonedwhere is it at just minor details like that if you want some helpful hints.land can be great or it can be only worth what someone will pay for it to go camping on it or run a cow or two.

A fellow investor told me the best way to get a quick estimate for Reno costs was to look at the 'Permit Value' of comparable renovations. 

If you want to estimate the soil type for the area without involving an engineering firm, look up the SC USDA maps for typical soil types in your area.