.* Create a spreadsheet that is regularly updated with Home Depot Pricing, then when you look at the house, you can plug in quantity of things you need, to estimate repair costs.

It's all about quality v quantity, right? 

The seller should not be punished if the rehabber does not make sufficient improvements to satisfy the banking requirements.

(depending on size ad quantity of widows0 

If you read through a couple posts in the thread you will see that I already have a detailed spreadsheet set up showing that these properties are my low performers and that I am considering exchanging them into lesser quantity, higher quality units.

Not for seniors who are not self-sufficient and require a nursing home.Thanks for any feedback.If you are interested, I can put you in touch with a company that organizes and finds appropriate types of properties for this need.

In our case, we made the effort because a) we're on our 7th property, b) we have sufficient reserves to weather ups and downs with the property c) we have an attorney we've previously worked with and trust to help us with the resident ejectment, d) the purchase price was low enough to give us sufficient room for error, e) we have contractors with whom we've worked who we believe can timely renovate the property and f) we were prepared to get it wrong and either lose money on this or sell the property at break-even, a small profit or a small loss. 

Just so you are prepared, if you pick up a 3-4 unit property using FHA as the loan, it must pass a self sufficiency test.

Based on your mortgage and the potential rental income, you should have sufficient cash flow to cover insurance, taxes, vacancy, and maintenance expenses with some cash left over each month. 

You'll have to judge for yourself if the cashflow from the turnkey companies  is sufficient.