Do this for all items and include an entry for small items like lights to get cap ex estimate  Not sure where you got the 3% vacancy number.  

Lots of investors simply want to go "bold" on all of their projects by using sharp color contrasts, busy tiles that catch your attention, and modern lighting that looks like it belongs in a hotel.

We are finding many properties needing light to moderate rehab in the 100-125K range.  

. - Property type (single-family homes, duplexes, or small multifamily)- Min/max square footage or number of bedrooms and bathrooms- Desired cash flow or ROI metrics to ensure profitability- Property Condition (turnkey, light cosmetic fixes, or heavy rehab)- Neighborhood type (A/B-class areas for appreciation vs.

And as these threads keep going and things keep coming to light it sure is looking that way.

In my market you can do a cosmetic rehab: new kitchen, floors, new bath, recessed lighting, taking down some ways, screwing down floors, new paint, baseboards, trims, casing. 

STR investors aren't really looked at that favorably in our mountain communities these days, putting it lightly. 

I recommend starting with a turkey or light-value add deal first for any novice or intermediate investor investing out of state.

Put $10-15K in to get a brand new kitchen, refinished hardwood, recessed lighting, and brand new bathroom.

And I can see why the different offerings (some stock light, others heavily) make sense.