We are extremely excited about our new real estate adventure and due to our circumstance, this seems to be the best way for us to get our foot in the door as well as get in our very first place together this year.

The property is a ~12 foot wide and ~33 foot deep 1914 brick rowhome in Baltimore City.

A really good rule of thumb is $20-25 a square foot for rehab, then add costs for roofs, 3-5k, hvac 3-3.5 k, blow pipes, 1,500-2,000, foundation 1-30k (harder to determine when starting, but you can have guys give bids).

At $93/sq foot, my 2300 sq ft house would be worth 212,000. 

Currently I am in the due diligence stage and looking to get estimates of what it costs to build per square foot.

Home depot advertises $4 or $5/ sq foot installation cost.

In the Hudson Valley a builders grade type home in the finished areas would generally have a replacement cost of $200.00 per square foot.

The SF houses range from 20$ per square foot for a run down overgrown foreclosure up to 50$ per square foot for a mid century mansion in decent shape.

I know this question goes a million layers deep, but do you just go by the pictures that are posted online, or use a general calculation per square foot?

I always recommend investors set aside some money for each property just in case of a worst case scenario.I know many people who are starting out talk about different strategies to get their foot in the door and if you have listened to the Podcasts, you should know by now what Brandon Turner preaches.