Hopefully, based on actual field measurements, past project data, and estimating software, your contractor can develop a detailed estimate that lays out the cost of labor and all materials for each phase of the project.

I've been working with a mortgage broker but haven't had the chance to talk with him about this as an option yet.

Buffalo rails: running 4+ yrs behind estimates.

See if they will give you an estimate of the assessment for the property.

Airdna will give you a good estimate of the demand for the area.

We can buy the house for maybe 125k and he estimates 120k in renovations.

Already have an appraisal that puts our DSCR rate at .85 using long term rent estimate.

Estimates on the homes value are often completely wrong.  

When running your numbers, if purchasing a home that isn't new construction and less than $1MM, I would estimate 1% - 1.2% of the purchase price as your annual insurance premium. 

Additionally, I created MEC (Material Estimator Calculator), a unique residential renovation software that automatically calculates a bill of materials (BOM) based on the property’s condition.Overall, I’m thrilled to escape the Seattle rain and connect with fellow investors here in Arizona.