If one property under-performs these estimates, others will over-perform and even things out somewhat.

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?

It's possible to anticipate paying between $1,500 and $3,000 annually for each unit, but to fully grasp the range of expenses, it's critical to obtain estimates from several insurance providers.If you intend to keep one unit unoccupied for guests, a triplex could be a more practical and affordable choice.

I will rough estimate total at $6k.  

However, a commonly used benchmark is the 70% rule.The 70% rule suggests that to make a flip worth it, you should aim to purchase a property for no more than 70% of the after-repair value (ARV) minus the estimated renovation costs.

The value I estimate is right around $340,000.

We estimate that the basement will cost approximately $30,000.

Then you need to learn how to calculate rough construction/rehab estimates. 2) Learn to Market.

Many lenders, including my group, offer a DSCR product to refinance on the back end as well.Before taking out a loan for a BRRRR project be sure to calculate all carrying costs (taxes, insurance, utilities, HOA, loan interest, etc.) to ensure (i) you have sufficient cash to cover monthly payments for at least the duration of the project and (ii) your estimated rent after repairs is at least 1.10x PITI (monthly refinance loan payment principal and interest, taxes and insurance).We have a proprietary BRRRR cash flow calculator tool that we share with our clients to help reliably assess costs and returns for these types of projects.

I am looking for rental properties in Tampa, FL, and I am having trouble estimating expenses when analyzing deals.