Hey BP - I sent out my first round of direct mail and started receiving calls today. One of the calls is very promising, but it's very different than anything I've looked at before, and was hoping that you could all help on some direction and guidance.

Basically...the owner has the property free and clear. This is a good thing!

Last January we had a really cold winter...and in the middle of prepping the house for sale the pipe burst and flooded the house.

The property has been fully remediated by insurance of any possible mold.

But the house has been completely gutted down to the studs.

It's a 3 bed 2 bath 1800 square foot two story house...ARV is probably around $225k

I'm trying to research how much drywall and insulation I would need...seems to me like 18,000 square feet...does that seem right? And then add to that insulation on top of that

It would also need new siding as the aluminum siding is pretty dinged up and a pretty ugly brown. My math indicates it would need 2800 square feet of siding...does that sound right?

I'm asking because based on doing my numbers these three things alone end up costing $46k...add that to new floors...kitchen...electrical needing to be redone...total rehab work is pricing out to $99k

Does sound at all correct?

Detailed breakdown of my estimate is below

TASK	UNIT	Materials Needed	Line Item Cost
Remove Old Siding	Per SF	2,800	$1,400.00
Vinyl Siding	Per SF	2,800	$14,000.00
Lawn Maintenance	Per 1/4 Acre	2	$70.00
Roll-Off Dumpster	Dumpster	1	$350.00
Full Demo	Per SF	900	$360.00
Natural Gas Hot Water Heater - 50 Gallon	Per House	1	$710.00
Replace All Supply Lines	Per Fixture	5	$1,000.00
Install/Replace Tub	Per Tub	2	$1,500.00
Build Tile Shower	Per SF	160	$3,120.00
Bathroom Sink	Per Sink	2	$140.00
Kitchen Faucet	Per Sink	1	$90.00
Bathroom Faucet	Per Sink	2	$280.00
Trim Kit Only	Per Tub	1	$360.00
Install/Replace Toilet	Per Toilet	2	$540.00
Upgrade Service	Per House	1	$1,400.00
Rewire House	Per Fixture	50	$3,000.00
Add New Switch	Per Switch	15	$1,875.00
Install Can Light	Per Can	10	$1,000.00
Bathroom Vanity Light	Per Light	2	$260.00
Replace Heat Pump	Per Unit	1	$2,750.00
Batt / Blanket Insulation	Per board foot	21,600	$11,880.00
Wall Board	Per SF	18,000	$20,880.00
Exterior Door	Per Door	1	$230.00
Interior Door	Per Door	10	$2,450.00
Sliding Glass Door	Per Door	1	$850.00
Paint New Sheetrock	Per Floor SF	1,800	$3,510.00
Install Kitchen Cabinets	Per linear inch	360	$6,300.00
36" Vanity	Per Vanity	2	$460.00
Granite Countertops	Per SF	40	$2,440.00
Install Laminate Wood	Per SF	1,800	$10,800.00
Permits	Per House	4	$800.00
Refrigerator	Per Appliance	1	$1,200.00
Range	Per Appliance	1	$1,200.00
Dishwasher	Per Appliance	1	$550.00
Microwave	Per Appliance	1	$300.00
House Cleaning	Per House	1	$200.00
Total	-	-	$98,255.00