.#3 Contact Local Contractors for 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.

I've got a city rowhouse with awful asphalt tiles on sides and baby blue faded vinyl on the front & back.

It gives me planning certainty and fewer maintenance calls.Average roof in my area is around $5-6k, with 3-tab asphalt shingles, bitumen underlayment, and new plywood over the existing sheathing.  

Kelli, Jon is right, keep refining your goals and keep pounding the pavement.

I find there are a lot of real estate investors pounding the pavement now which makes the deals slim pickings...Georgia

I had heard the trucks go by several times but didn't think it would be dry pavement.

Pound the pavement and get in with a go RE firm.The high prices in your areas also equal bigger commissions.

I framed houses, did remodels, drove 10 wheel dump trucks, laid asphalt, you name it.  

However, it is a combination roof on a house that had an addition - the original roof is metal shingled, the addition is asphalt shingles.

.)- CAM (Common Area Maintenance items like yard care, snow removal, parking pavement, exterior amenities, etc.)- Payroll and G&A Expenses- Advertising Expenses- Any other expenses related to the Operation of the Asset not covered above EXCEPT Debt Service, Depreciation, Income Taxes and Specific Tenant ImprovementsNOI (EGI Minus all Operating Expenses)::break::Now you can calculate your existing CAP rateYou can also set up another file for value added opportunities that would contain Potential EGI and Potential Expenses which then would give you a Value Add potential CAP RateTo derive your NCF, subtract your Debt Service from the NOI.Hope that helps!