I had been wanting to try the BRRRR method for about a year since hearing it on the podcasts and this home projected very good numbers on the BRRRR calculators.

I just secured a contract on a 5 unit residential building in the NW corner of Missouri in a state college town. 

You could try positioning it to a bank that you're going to put that money into the property, increase the value of the property and make the loan more secure.

Your home is a secured debt.

If you're looking to secure any financing they will want to know more specifics as well in what you are trying to acquire. 

Tell them if you perform the punch list now that they will get their security deposits back sooner. 

Can you all recommend what's the most reliable method of finding foreclosed properties, including bank and court foreclosed

Looking to get some clarity on this matter -- a lot of people on BP suggests a percentage method, which I think can be a miscalculation for cheaper and older SFHs because a lot of capex is fixed, but rental income, size of house, vintage of house, type of neighorhood factors into the calculation.

You stated that you inherited this tenant.Did you also inherit their security deposit?

If you are already buying under market value, the cost of repair may be worth taking on to secure the deal.