I think that's a valid concern, but my gut reaction is that he actually won't care too much after he has his cash/payments.

wanted to do a full gut renovation for a flip How did you find this deal and how did you negotiate it?

No guts, no glory. 

Glad to see your gut kept you out of trouble.

You will have to replace the guts of the toilet within 3 years.

It’s standard practice and an essential safeguard for landlords.Trust your instincts and treat this as a non-negotiable policy.

Not nearly enough for a gut job or to cherry it out.

., major systems like plumbing/electrical)Full Gut/Studs Down: $85-$120 per sq. ft.Luxury Finishes: $150+ per sq. ft.For ARV (After Repair Value), you’re absolutely right—it’s all about comparable sales ("comps").

Remember that Foreclosures can only be seen from the outside (usually)so you can still get a good look at the property and the surrounding area and neighborhood to get a gut feeling. 

And while yes, no one has the same pricing (combination of factors), I also continue to check on a regular basis our rankings and how we "present" on total costs per stay vs. our competitors.My gut says there is price creep and we might have a ways to go before the market really corrects.