So here's my first question to the experts: We've analyzed a lot of properties using the BP calculators.

I'm also a newbie in Maryland (Annapolis), I was also thinking of investing in Florida as well, where I'm originally from, because I am having a hard time making the numbers work for properties I've seen in Maryland.Here is a property located in Millersville I was analyzing today. 

I'm happy to analyze the deal more specifically with you in you're not sure what ARV/Exit price you can get on this property, just let me know.

And that is just the tip of the iceberg to analyze the property ... after you get it you still need to manage the renovations, get good tenants in, manage the property, all from thousands of miles away with absolutely zero experience doing any of those things.

Analyze the local market and see what properties are selling for.  

Average fair market rents increased in 2017 in 86 percent of the markets we analyzed even while average wage growth outpaced rent growth in 67 percent of markets — a recipe for sustainable growth in the rental market.” 

Trying to analyze a deal with a turnkey dealer for a 2 BDR town-home at "Panther Point Drive, Houston, Texas, 77099".

Start with total returns, as computed by IRR estimated over the lifetime of the investment (not just year 1) ... also, one metric should never be considered to the exclusion of others ... each metric gives you a hint but does not tell the full story; the full story comes from understanding and analyzing all the metrics together in their totality.

When you are analyzing this type of deal, you will want to look at the (a) cash flows that can be produced, (b) the credit (look at the credit metrics on their balance sheet, ie. debt-to-equity ratio, quick ratio, free cash flows) quality of the tenant, (c) scrutinize the guarantor.  

I'm still analyzing deals and watching the real estate properties that come up on my alerts though.