We are seeing opportunities for positive cash flow with creative acquisitions, but if you are looking to purchase conventionally, it would be really tough to make it work with the average prices versus rents that we are seeing in South Florida.

Does anyone know what’s the average cost for cosmetic/ full gut rehab in Seattle Washington per sqft.

Over the last 5 years, markets like Memphis and Detroit (where I have been investing) have performed on par with "appreciating market" like Seattle and the Bay area.Yes, Milwaukee has seen a steady 7-8% every year since 2015 and we are still priced about 1/3 below the national average.

Real estate investing is a forgiving world; the average person can still make money even with some big mistakes.

There has been some hesitation for me to sell due to the fact the rental market here is averaging $2,500 in rent for my area and property, I make great money now and have funds to cover vacancy and repairs on the home, but I would like to be able to afford a nice rental for my fiance and I to live in while we save for our primary residence.Shoild I sell and take my profits (60-70k net) and throw into an investment closer to where I will be living or should I rent, cash flow and build equity in the property. 

I believe the one good thing about that spreadsheet is that it can be adjusted by the State you live in. because costs are different in every State the estimate sheet i believe is based on a multiplier for the corresponding State, as most cost estimating books are based. that program does break down a lot of information for you and i think it is a good program, one thing you may want to check is if the program updates every year with current multipliers for the States ( program is probably based on a starting average value for each thing and then the multiplier changes as prices for materials change) and you want to make sure it does that.

Then packaged a few such properties together, went to a bank and refinanced them out and then tried to find a new property to put those private lenders on.Admittedly, we usually left some of our own money in the properties (our average all in price is about 82% of the ARV) but we had some money to work with which not everyone does (why I recommend house hacking to start for most).

MF vacancies happen on average every 17 months.

I am planning to average the utilities for 3 months among all the tenants vs charge a standard rate !!

Real estate investing is a forgiving world; the average person can still make money even with some big mistakes.