new plumbing, electrical, ceiling, walls, porch, patio etc.

Good morning, the following property is up for sale at $250k.  114 S Broadway St, Toledo, IA 52342 | ZillowThe seller has 'described' it as follows:"The property features a new roof and updated electrical work completed two years ago at a cost of $120,000.

Tenants pay us about $40-50 per month per unit for electric.

Estimates are bout 400k for full gut remodel (hvac, plumbing, electrical, roof, mostly new windows, kitchens, and baths, minor re-framing) New plan is for (2) 2B1B units and will rent for 2k and 2500/mo. 1 unit is a larger 2 bedroom.

Inspections and Honey Buckets to Architects and Engineers, to door bells and mail boxes.

Adding a new outlet, circuit and pretty much doing anything electrical aside from replacing a fixture or replacing the receptacles or switches requires an electrical permit.

I am a contractor overseas (Germany) and as a network engineer for the DOD i will be working at Military bases. 

I have over 40 years of land development experience as an engineer so I can assess property pretty quickly.Anyway, someone came to me with a couple of off-market properties.

Plumbing, Electric, HVAC, Drywall, Gas etc.

I’m defining general light work as plank flooring, painting, minor electrical, etc..For example - is it fair to estimate flooring labor as $3/square foot?