.#3 Contact Local Contractors for PricingCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.

The property is an old farmhouse the seller has completely rehabbed it himself (gutted & added new spray insulation, new electric, all new plumbing, fresh sheet rock & paint, all new windows (cheaper Andersons double pane), brand new fiber-cement siding, 13 yr old shingles, appliances approx 5 yrs old (beautiful stainless in lower unit).

The kitchen has only bare walls (no appliances, cabinets, countertops), certain sections of the roof have been patched with felt paper instead of shingles (most likely the whole needs to be replaced), basement has limestone walls and is moist (I believe that water is leaking into it).

Re shingled the roof, and some plumbing work.

The biggies (read, "expensive to fix") are:1) Severely Clouded Title *2) City/County/IRS tax liens and/or special assessments*3) Mechanics' liens *4) Soil contamination5) Bio-hazard6) Roof (watch out for multiple layers and shake shingles!)

I believe a big turn down from this house is that it has shingle sliding.

The roof is 10 years old, asphalt shingles. 

As for the structure right now is exposed brick with a shingle roof.

The even come with the siding, shingles, door, windows, etc.Go to http://www.carterlumber.com/services/kits-package-estimates and put zip 48185 just as a reference to see what prices we get here

However based on current prices we do have about 90-100k in equity build up.Now, after the last hurricane blew a significant number of shingles off the roof we are again faced with what to do.