Use it to quickly assess properties and estimate renovation costs, which will help you make smart offers.Join Local Real Estate Groups: Get involved in local investment groups.

Topic will be titled, “How to Estimate Repairs” and then a 10min video only stating the superficial “Don’t forget to estimate repairs on this, get your experts to estimate on this, you have to take costs into account”No actual guidance as to how to do any of it.  

I'm assuming you ran the numbers prior to making the purchase and over estimated the occupancy and rate per night, (along with costs).

I'm walking with a contractor today to get a rehab ballpark estimate before making a formal offer, but want to be prepared for the next step should my offer be accepted. 

Now I still feel interconnection is hard to estimate as investor even some of these information are available online and this is the biggest risk I am taking here.

I feel like there's a few numbers missing to truly estimate the buy & hold strategy here over the flip exit.

Key lessons learned: use a cost-per-square-foot estimate from previous projects rather than relying solely on GC quotes, as they often underbid but end up costing more in the long run.The property is under a 2-year lease at $1,750/month.

Contacting other drywallers in the area to provide estimates to complete and remediate the existing job.

Given our higher insurance costs (usually 0.7% to 1.0% of purchase price as a rough guide -$291/mo on low end) and property taxes (typically between 0.5% and 0.7% of purchase price as a rough estimate -$208/mo on low end) that leaves only $1489 for Principle and Interest.

Besides the benefit of the forms, I do not think the money is well spent) or MLS membership (approximate $190/quarter, which is useful investment)- Brokerage has no trust fund/escrow account.