The estimated monthly cashflow is approximately $350 which is 17% cash on cash ROI.

Before doing refinancing, I ask my broker to estimate from her computer to see if it's worth it for me.

If you can get an electrician out there to check it out they should be able to give you a much better estimate and idea of the process.Best of luck!

Next you will need to determine how much work needs to be completed on the property and develop a cost estimate to conduct those repairs.

What about the best/most accurate tools for estimated monthly rental cost?

You can also look for networking groups on sites like Meetup.com.The tough part, in my estimation, is going to be differentiating yourself from the people who say they have deals but are really just faking it.

@Nicholas DelgadoI’d recommend turning this into a Gantt chart which will better show the prerequisites and estimated duration of each task.

So rather than "guess" at the price, get an estimate or two.When you are paving asphalt over a gravel road, you are talking about a "from scratch" job, as opposed to adding an asphalt overlay on top of an existing asphalt surface.

Rehab estimates I'd get from a GC. 

I'd be happy to talk with you about some options and provide an estimate if you're interested!