This way I am more prepared for the next time an opportunity like this comes up.So here are the details of the deal:3 bedroom, 1 bathroom single family propertyListing requested an all-cash offerThe numbers looked like this:Listed on the MLS for $80,000Needed about $20,000 to bring it up to meet or exceed the quality of similar houses in the areaEstimated After Repair Value (I think abbreviated ARV) was around $141,000Similar rents range from $1,100 to $1,300Initially looking at this, my thinking was that the $80,000 purchase price plus $20,000 rehab bill puts me at 70% of the ARV, and my understanding is 75% or under is the target for BRRRR. 

I ask the management company to reach out for any expense over $500 and whenever there is a vacancy so we can determine a plan of action in regards to what repairs/updates to make and how much to charge in rent.

Here some interesting info and numbers about the project.Acquired: Feb 2018Rehab - 2 - 3 months.Listed - May 2018Sold - Sep 2018Purchased - $115,000Financed - $110kRehab - $63k (investor contributoin.Sale Price: $224,900 with seller contribution $6kAfter all expenses Final Profit - $21k  - 33% Highlights - Removed big pool and created big back yard, did major foundation repair to get to tolerance level, removed walls to make the kitchen open, all new flooring, new roof, new appliances and whole shebang. 

It may take a few phone calls.

Figure out how much it would cashflow as a rental, with factoring for vacancies, cap ex, repairs, and management, and hoa.

I'm trying to get some repair estimates, any reputable foundation repair companies that anyone can recommends?

If you have a Colorado LLC, you can register it in MO, or, you can create a new LLC in MO.Umbrella insurance is really easy, only a phone call to your insurance company.

They had the obvious appearance of abandonment and need for repairs!

I would definitely research individual costs for rehab projects (floors, bathrooms, kitchen repair, etc.)

Tenant screening over the phone is important.