It costs the same amount to replace a roof or furnace whether the house is worth $300k or $30k (assuming a similar size).

Quote from @Jeff Sanders: Personally coming from an agent/investor in CA, I always get a quote from a broker of mine and make sure I am knowledgeable with the fees/costs.

Trying to get a # from him about estimated remaining cost but got nothing.   

The cleaning costs alone were over $9k.

Does a cost seg or bonus depreciation actually help you in any way? 

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k Darnell, did you get your questions answered?

If you have a good FICO, a decent down payment and closing costs, go ahead an do the first one. 

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

You can also assess a dollar amount that you value the cost of these requests to be, and ask for these as a discount from the purchase price or a concession to you for closing costs. 

Even with renovation costs and insurance costs the fix n flips are still making money.