PURCHASE COSTS: Purchase Price ($62,000.00) Inspection(s) $400.00 Appraisal(s) $450.00 Survey(s) $0.00 Lender Fees/Costs $0.00 Closing Costs ($5,200.00) Other $0.00 Total: -$66,350.00 REHAB COSTS: Labor (from page 2) ($13,900.00) Materials (from page 2) ($16,380.00) Total: -$30,280.00 HOLDING COSTS: Mortgage Payments $0.00 Property Taxes ($300.00) Insurance ($700.00) Utilities ($900.00) Lawn Care $0.00 Other $0.00 Total: -$1,900.00 SELLING COSTS Selling Price $130,000.00 Commission To Agents ($7,800.00) Buyer Home Warranty ($500.00) Buyer Termite Letter ($50.00) Buyer's Closing Costs $0.00 Seller's Closing Costs $0.00 Total: $121,650.00 PROFIT: $23,120.00 On to my questions:- Other than potentially needing to pay some of the end buyer's closing fees, am I missing anything else that should be accounted for?

If the tenant has a significant weakness in financial/credit history, but met all of our other requirements, we would offer to rent but would require a higher security deposit.

Trying to come up with guesstimates on what I'm looking at with labor and possible material costs psf for simple and basic designs.

I have informally impaneled asked a "board" to advise in the structuring and development of this business opportunity.I am developing the marketing materials from a very good template.

I have about $20,000 liquid that I can tap into from savings, which I would use a portion for the down payment, and my credit score is 710-714 so I'm not opposed to obtaining financing through a local bank or credit union for financing.Also, what additional books, materials, or resources would you recommend that I could read to get myself more familiarized with this form of real estate investing?

I think you're fortunate he didn't steal your tools and materials and disappear.

He started sending me pictures of jobs that were not mine and receipts for material that was purchased prior to my funds even being wired.

Are you sure he's bidding the same materials?   

Even the breakdown of material costs by square footage.

Your materials are fixed, and a painter might be $125 a day, and a floor guy might be $150 a day.