From listening to podcasts and reading some material I've decided that when I do have the funds and credit necessary, I will buy a property with a 203k loan, fix it up, and use the equity to help fund buying other properties. 

Another thing to consider besides material costs is permit fees depending on the scope of the work.

Look at home depot, lowes etc and find materials costs.  

Mostly seasonal wind energy/ oilfield workers, and seasonal school teachers have been previous renters.Sweat equity for bathroom to be completed by myself (10 year unIon carpenter in my former life in Southern CA) total materials $1091.84.The (3) appliances are $1645.

Go to Home Depot and check out the prices of the most common materials you would be using. 

Marcella,I am on vacation right now, so I don’t have access to all the materials.

Contractor gets the materials funds up front, but the final draw payment is not refunded until you refinance; must have only 1 contractor bid and do a mechanics lien at closing [if you have more than one contractor it won’t work]; MLS deals work, but you cannot have an assignment of contract; etc)What other value-added services do you provide that other hard money lenders do not?

It covers the house plus all the materials on site.

His expenses seem pretty high to me with about $40k/year in materials and $60k/yr in labor for maintaining the park and maintenance for the homes.

@Derek Tellier I’m so glad I stumbled across him (Prep Agent) on YouTube, his teaching of the material stuck so much better than anything I learned from my online course!