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Updated over 5 years ago,
What's a Good Minimum Rehab Cost Estimate??
I'm going through the process of analyzing properties to see if they'll get a good CoCROI. Most of the properties I'm looking at are in relatively good condition (i.e. NOT fixer-uppers or foreclosures).
When you guys estimate costs, do you have a "minimum estimated rehab cost", meaning even if the house is in good condition, there's a good chance you'll have to do some touch ups, maybe some new paint or carpeting before you start renting it out?
Thanks and let me know, I appreciate it!