Okay, let's say Joe hates Bob, Joe knows Bob has mortgage problems.

It does not cost the landlord except for the labor and materials.

ok thanks Joe

Labor/material are going to be different and need to factor that in4) new roof, new HVAC, new water heater, ac panel, replacing plumbing to PVCThese are very variable, if you are getting this from a licensed guy to do it and unlicensed.. is it a big shop or a local shop doing it, is the GC doing it they will put some money on the top so it will be more money5) framing (creating new bedrooms or baths)I would get all these quoted from a good couple of licensed guys and unlicensed to know your numbers to cents

Joe Gore

We are General Contractors and part of why my cost for the conversion is so low is because we have the resources to pay at cost and the property is located in a county with lower labor costs than other parts of California.

It's not a great time to do a first flip with high labor costs, high materials costs, high property costs, and high rates.

This is a very labor intensive process for most big box skip trace companies because it cannot be automated.

Quote from @Joe Villeneuve: The least important this you mentioned, was the word "cute". 

Quote from @Joe S.: Quote from @James Hamling: Quote from @Whit B.: Quote from @Steve K.: Quote from @JD Martin: Quote from @Whit B.: I disagree.