So you are really borrowing $176,000.All that said because if the After Repair Value is $220,000, then 75% would be $165,000. 

I am very interested in the BRRR strategy and want to hone my skills on this kind of analysis, but am unsure about how to calculate repair costs with looking online and crunching numbers on the calculator.

Using laminate (medium or high density) in kitchens, washrooms and laundry areas is always a risky undertaking.If the liquid is mopped-up promptly and you apply a dehumidifier and/or heat and ventilation you may be able to dry the laminate sufficiently that is does not cup or buckle.    

They include vancanies, capex and repairs being accounted for. 

But what Samuel said You have 21 days to return the deposit or whatever remainder is left after the repairs of damages is completed.  

As you add money to the deal through capital improvements, repairs, etc, etc, your COC return would come back to earth but still be very large.

I agree that the seller would be flying nothing but looking for the first warm body with a pulse to sign that lease.Another advantage is that you'd start with a clean slate once you own it, and you will have some time to do all the necessary repairs while the house is empty.

The only immediate repairs/upgrades that are needed are gutters, pitch the landscaping away from the house, and painting the garage (being required by the city for the rental inspection). 

I have 1 week off and several family members coming into town starting tomorrow to help us re-landscape and repair, all of which I’m doing out of pocket so we can just move on.  

Walk her backward:If you were to list it with a realtor at given price, you will be paying 4-6% realtor fees, Plus It may also take anywhere from 2-6 months for you to receive your funds ( 1-2K a month in holding cost) If there are any repairs, they would come out of your pocket.