@Mark Borrego I believe the prices on MLS listing sites that you are referring to are including estimations of the properties taxes and insurance hence the much higher price.

Gross revenue estimated at 75k a yearCONSsusceptible to moratoriums, rent loss, tenant damage, etc. need to build out separate areas and separate meters - adding about 30% to rehab budgettenants can be a huge liabilityPROsMuch more hands off than a B & B businessImmediate cash flow right at rehab completionTried and tested biz model, high demand area - units will rent the first dayIf you've made it this far in the reading, I greatly appreciate any input, ideas, perspectives are so appreciated! 

Can a loan officer make a ballpark estimate that they can beat the numbers without me going through a full application?

I'm basically going through properties on Realtor and Zillow to run through the cost estimators.  

The challenge with ANY data driven data that estimates valuation is the outliers can skew the data.

Good recommendation about getting insurance for the estimated value post renovation work. 

I have a great rehab estimation tool and get decent ballpark figures, but in the current market, a lot of the highly rated general contractors are fully booked and investors are last in the pecking order compared to retail customers or large developers.

I have worked in Residential Real Estate and currently work as an Analyst for Commercial Lending and I am ready to be on the other side of the transaction.

I offered them 70% of estimated sales price minus repairs.

At the current appreciation (which I would have a local realtor run an actual CMA on as Zillow is typically 5-7% off) you have the potential to pocket nearly $100K after commissions and closing costs (I'm in CA and I typically estimate around 8% total commission/closing costs for my Sellers).