.#3 Contact Local Contractors for Labor PricingCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.

My background is in architecture, if that seems helpful.If you want to DM me, I'll send you my contact.

Paid $365,000Repairs ~$25,000A similar house (same architecture) across the cul de sac is already pending with a listing price of 437,000.  

This is what I would call “architectural demo”.

); soft costs (architecture, engineering, fees, etc.); working capital, & so forth.And then you divide again by the total Sq ft and/or Units for the respective number.So as you can see, there's a few more considerations than just giving a "flat rate". 

You will need to learn all of these components of a development deal: land acquisition, site selection and sourcing, zoning and entitlements, architectural design management, deal underwriting, financing, construction, leasing, property management, and sale or asset management.I would suggest working for companies that already develop the types of projects that you are ambitious to build in the future. 

(I believe this PPSF to be a little high)Our total soft cost, including architecture, engineering, and site prep, was an additional $30K.

Soft costs, like your architectural fee, civil etc.?

Have a couple of properties, love investing, love architecture.  

We're both recent architecture school graduates.