If you give a GC a budget, 99% of the time, they will max out whatever the budget is.Labor can be scarce in some markets and some locations can be far from the major metro areas; all of which can enable some contractors to collude, stall at various stages and increase your cost significantly.

By doing some of the work, you can stretch your budget to cover more improvements, thereby boosting the property’s market value and monthly rents.Tips for Building Your DIY SkillsStart Small: Begin with simple projects, like fixing a leaky faucet or installing a new light fixture.

Short-term rentals do NOT allow events such as weddings, parties, specialized retreats or any commercial activities.”So make sure your geodomes qualify for STRs.

From there you should have a much better perspective as to what parts of the city make sense for your budget & risk tolerance. 

Despite the home not being in terrible condition, they left a bunch of trash and old furniture behind.We knew that if we could keep the renovation budget at $40k, we could keep the sales price under $300k.

For example, if you are casually chatting, you might find that the seller is trying to get together money to pay for their daughter's wedding in October.

We like to provide owners with different options for updating/renovating so that they can stay within an investors budget.

additionally did you hit the budget for the rehab on the nail with your estimates?

The budget would be property-specific. 

You can sign up for these on a great website called Meetup.Financial Preparation:Evaluate Your Finances: Understand your current financial situation, including savings, credit score, and any potential sources of funding.Create a Budget: Establish a budget for your first investment.