Here is what the house needs:all new drywall, plaster is falling off the ceilingall new kitchen- was ripped out to the studs by owner2 new full bathrooms - ripped out to studs by home ownernew carpet and flooring throughout the housePaint whole interiornew electrical service - current is a 80amp service with fabric wrapped romex and 2 prong outlest throughout the house.New HVACNew RoofBricks need repointed in several areasChimney needs repair - cap is about to fall off the houseroof over rear porch has either carpenter bees or termites and is full of rotted and split wood.Driveway is asphalt and may look ok with some carefront walk is half torn out, the halk that is closest to the house - about 25 - 30 feet of it.and of course it need some landscaping to make it look good from the street.My primary thought is to whole to another investor, but I did look into rentals in the area.

.#3 Contact Local Contractors for Labor Pricing / Hire a GC to ConsultCall 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.You can also pay a General Contractor a consulting fee of a couple of hundred dollars (per house) to walkthrough a few properties with you and provide a detailed estimate of prices that you can use as your 'menu for 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.

Some will have a minimum number of spaces and pavement requirements in the park.

The repair to the roof is pretty straightforward but it depends on roof materials and condition. the other issue could be water damage to the surrounding sheathing and rafters which could cost more. if it was all good, and just a matter of removing chimney and replacing sheathing and tooting in asphalt shingles, I'd probably do it for 1000 if it was a day project.

The kraft paper has a black asphaltic vapor retarder under the kraft paper many people don't realize. 

Seems like you are pounding the pavement to get listings?

While living in the house we put in central heat/AC, new siding, new roofs, new asphalt driveway, remodeled the bathroom, and refinished one of the bedroom's hardwood floors.In February, 2014 we moved out of this house into our new home and started doing some minor updates. 

The work I will need to contract out include re-finishing the hardwood floors and I would like to level the (already semi-flat) back yard and pave it with asphalt as there is currently no off-street parking but this will yield 3-4 spots. 

This may make no sense but I will try my bestmy father is in the process of taking over a home of a friend who has missed a ton of payments and let the house go to ****. the reason my father is taking over the home is because he owes him a ton of money and gave him the equity to attempt to pay off the debt. we want to see if the house is worth fixing at all for my dad to try to take some equity out of it or if the headache is even worth it.The guy owes me father > 80K HOUSE. due to bank 130k he is allowing him to take over payments. current owner hasn't made payments in over 8 months its in pre foreclosure but bank is willing to do a short sale to my father. we will have to pay 12k in cash for the missed payments and would end up owing 120. house is in providence ri near broad st. the house needs almost anything you can think of. we have been in contact with all the tenants we have sent an exterminator to begin the process of dealing with cockroaches, bed bugs, ants, and terminates. we have electrical issues a lot of the plugs in the house and light sockets do not work. upon having an electrician visit the house he stated that somebody had the electrical updated in the basement but it was not connected to the knob and tube in the house. they began the process of updating the electrical but for an easy way out t hey only did it so it would pass inspection. he said he would have to get into the wall to see exactly the extent of the electrical repair needed. plumbing is also an issue and within the next year will need all 3 new boilers. the yard has a small parking lot next door but no fence or boundary showing where the property ends. the roof has a couple of years left in it. yard has to be fixed cleaned and asphalt or cement. all basement windows need to be changed and fixed. the interiers are all very dated and would need to be updated as tenants move.

Then all you need to do is hit the pavement and find a potential deal.