For this type of investor, their time is valuable, and trying to manage a long range rehab may not be worthwhile.

The areas I have started looking range from like Framingham, Sharon, Franklin, Medfield, Westwood, Norton, Foxboro, etc. basically looking at all towns in a 25/30 minute radius from my wife’s work which is in Medfield.

Property worth about 1.4-1.5 range.  

(Theres a fantastic hospital less than a mile away so maybe travel nurse housing is an option here for more income) Market rents for the 2/2 house would be between 1900-2200For the ADU its be about 1500-1800Total rent range 3400-4000Property taxes are 500-550 a monthRough cash flow 1100-1250 (year one)The inside of the property would need to have: -All the flooring replaced. 

If I remember correctly, somewhere in the 6 percent range?

I haven’t been able to see any construction in the area, however, in the last 6 months homes are being sold in the $600k-$900k range.

This rehab is likely $100k based on what I am hearing and with an exit of $275k (you need to use the lower of the range in this case), then your max offer would have to be in the $110k range, I doubt the seller is willing to take that big of a loss and reduction in price but you never know until you ask.

There are a lot of great options out there; aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).

In order to quickly weed out prospects when analyzing properties I wanted to check to see if anyone has a formula or method for estimating a ballpark range of rehab costs. 

I highly recommend David Greene's book, "Buy, Rehab, Rent, Refinance, Repeat" It's the most comprehensive book on the subject