Unfortunately, the cost of replacing the roof and installing a new wood deck (would require expensive permits, a lift for materials, material + labor cost) was going to be too much so I found another solution.  

So, I kept that in mind and searched for apartments and SFH in towns that had a higher average income, and were not dependent on a few factories that were surviving on large pools of labor under 15/hr. 

That includes a new quartz counter top, re-flooring to included laminate hardwood floors, high end stain resistant carpets in the rooms, new designer paint and trim, new master bathtub/shower and tiles, new tiled fireplace and some other things plus all labor.

Nice fenced in backyard, outdoor shower on a quiet street.Is anyone familiar with the daily/weekly rental rates for this area during peak season (Memorial Day - Labor Day)? 

The two markets we are looking at are Houston and Pittsburgh.Houston ProsWe both live hereCheaper labor costsHigher rental income potentialHouston ConsCost of homes are more priceyPittsburgh ProsAccess to cheaper homesAlready have a handy man Duplexes are plentifulCould become a Tech Hub in the next few yearsPittsburgh ConsWe don't live thereWages are lowLabor is expensive I am hoping to connect with people with similar goals.

Whether that be assisting contractors/other investors, general labor, design, etc.

Whether that be assisting contractors/other investors, general labor, design, etc.

.- Cost of Borrowing: Higher Borrowing interest rates for Small Business and Real Estate Investors (REI)- Labor: increased demand for Skilled workforce for Construction & Rehab could mean Higher wages for Skilled workforce- Material: Increased price on Construction Material because of potential demand for housing So, in summary for all new project: Buy and Hold, BRRR, and Flips it's prudent for all REI to seriously consider (additional inflationary costs) in your calculation & analysis.Disclaimer: Readers are welcome to come to their own conclusion.

After you really understand your market, much of the computations can be done quickly, knowing material and labor costs you should be able to nail down costs of repairs and rehab expenses. 

My rehab costs were significantly less than if I had used a contractor, so when I started estimating jobs, I would add up materials and just ask for labor quotes from a GC and ballpark time to complete.