Wholesale rehab estimates

[David Watson]

How do you wholesalers estimate your rehab cost when running your initial numbers? I have a formula that I've been looking at that vaguely estimates depending on square footage and what kind of rehab is needed, but I want to see if there is anything that is a bit more accurate. It seems that the numbers I'm coming up with is on the high side, making good deals not so good. What are some of your strategies?