There's no set amount and no stranger on the internet can tell you what should work for you. 

The cost of labor and materials now is insane.The type of work on my custom house is about 400 a foot.

Sometimes you can talk directly to the owners.Use the Internet - Websites can show you houses that are being sold because the owners couldn't pay their bills or are in other kinds of trouble.Check Public Records - Look at official papers to see if a property owner is behind on taxes or other bills, which could mean they need to sell fast.Study the Market - Learn about how much houses in that area usually sell for and how much you could sell it for after you fix it up.Be Careful - Make sure you investigate the property fully to see if there are any legal problems or money owed on it.By using these steps together, you can find properties that might be a good investment because they need work or are being sold at a lower price than usual.Kind regards,

It's better than what you'll get from most attorneys and what you'll find on the internet.

--You can easily buy fake paystubs & W-2s off the internet, that are generated by Quickbooks, so they look 100% real.

I've heard that 87% figure tossed about all over the internet, but have found no study or basis for it, other than it's often repeated, perhaps because it suits the purpose of the people using it.Whatever the percentage failure of licensed agents, I'm sure it's quite high.

I had some problems with my General Contractor so I ended up buying my own materials on a great discount and have an out of state contractor who is a great family friend that I  will hire to do most of the work for me.

All of the BiggerPockets podcasts are great supplemental learning material.

In my market, electric, gas and internet will follow the tenant, meaning when they move out, if there is an outstanding balance, those utilities can't be turned on for them at their new place until their balance is paid. 

Are those just for labor or also assuming material expense, as well?