There was a lot of hard work, determination, and persistence in this project.Rehab Budget Row Labels Sum of Amount Details of Rehab Exterior Improvements $367,020 1) All Exterior Carpentry, Brick and Painting Work2) Tree Trimming3) Foundation repair work for 2 building4) French Drain to reduce soil movements HVACs $146,307 New HVACS replaced as needed Interior Unit Rehab $502,094 1) 5K Budget on average for a unit interior.2) Total 81 units remodeled including new painting, crown molding, new vinyl flooring, new stainless steel appliances, new fixtures, resurfaced countertops, new light fixtures, new ceiling fans Landscaping $30,000 1) Landscaping near Office area and Villa Lighting $6,932 3) Exterior porch lights and critical building lights Maintenance Tools $10,653 4) Maintenance tools such as HVACs Gauges Office/Laundry/Community $76,718 1) Office were renovated completely.

There's a 1000 sf house that looks like it needs a complete remodel for $80,000. 

We still have to remodel the rest of the house and deal with rotten window and baseboards etc in some rooms on the main level.

I assume it's the deliveries of more class A properties and people moving back into their remodeled homes from the flood. 

I was born and raised in SF and although I do see these areas changing quickly, I don't believe it will be quick enough for you to feel safe.It sounds to me like you are not scared of getting your hands a little dirty and doing cosmetic remodels.

he remodeled it and makes $500 a month on for over 10 years.  

We did some minor carpentry work at this house which lead to a full bathroom remodel.

But that also assumes the assessor has the right info in the database (some don't, particularly if there's been an unpermitted addition or major remodel).There are also certain searching expenses and research expenses and travel expenses that you might be able to include in basis.The legal fees for setting up an LLC are NOT included in the basis of the property. 

Are you looking for someone to do full-scale remodels/flips, or more just someone on call to do any necessary maintenance and repairs that come up?

In all I've spend about $20k+ on renovations (New Roof, BR gut and remodel, furniture, driveway water softener, flooring, lakeside deck and landscaping.