J Scott also has a book on estimating rehab costs.

Have a property manager give you an estimate of potential rental rates for your area.Cheers!

Won't you first sit down and estimate the cost to see if you have enough money to complete it?

With an ADU, it will cash flow almost $500/mo by my estimate, and cash flow in Austin is already rare so that is huge.

Scott’s “book on estimating rehab costs” and am having a hard time finding the bonus content.

This is not the same as a conventional loan where estimates are many pages, sent before day three, resent when you lock, and again before closing to protect a consumer who probably only does a mortgage loan a couple times in their life.Hard money and business purpose loans send an email term sheet which generally tells you the rate and points which can change after the appraisal and details become real. 

Here's the consolidated overview with the approximate average rental prices included for each county:1.

The townhome has appreciated in value to about $350k (per Zillow and RedFin) over the few years I’ve owned it, so estimating $150k in equity, about 45:55 self to bank equity ownership.The townhome now has a leak that has lingered and gotten worse over the few months waiting for an insurance claim decision, ultimately being denied coverage so now I’m stuck with having to cover the entire expense.I’m also considering selling the property once it is fixed so I can take the funds from this 1 single family property in Houston to apply towards funding a possible multi-family property in Austin, TX.The quotes to fix are around $15k-$20k, which I’m not excited to just pay out of pocket, nor do I think I really can at this point in time.

You will need to weigh the cost of the study against the potential accelerated depreciation.Firms should be able to give you an estimated accelerated amount that you will need to discuss with your CPA (who will tell you the potential tax benefits)

Our original estimate for renovations was $35,000, but we ended up spending $52,000.