After reading something @Dawn Anastasi wrote, I added my name as a keyword search, then, when the @ function isn't working, I still get notice someone mentioned me.  

A solid value / price is tough to gauge Anthony Gayden  without any of the other answers because creating that number is a function of what the market can bear (rents), what you will need to put into it to get a solid tenant, and what you can convince the lender to assume.

The big difference is feeling uncomfortable at family functions if a deal goes poorly.

Yes, I'm planning to rent and hold long term in DFW.What I want to do is make a deal with a contractor before I start this business, and rather than negotiating the contractors cut for each rehab, I'd like to negotiate their cut before hand as a function of the SOW (i.e., the cost to convert the property to rent ready condition).  

It won't look so dated and in-your-face ugly.Appliances, well, depends on how functional they are. 

Also to be fair to @John Montgomery since I am in the Chicago Market...I understand the market for Hard Money here in Chicago is very different from other markets...The market would benefit from more competition because the handful of HML have their pick of the litter and can cherry pick deals...on average they won't even do a deal with a newbie rehabber, and if they will they will only fund the rehab portion to protect their interest and limit their exposure to risk.Cook County is a much harder county to do foreclosures in, and that creates a lot more risk for the HML...Finding a Good Hard Money Lender - matter of fact I wouldn't call most Rehab Lenders in Chicago HML because they function mostly like banks except for the interest rate and points...They want 20-35% of Investors Cash into the Deal based on Acquisition and Rehab...no matter what the % ARV is...Oh, and they still want 680 Credit Scores, and Full Doc Loan Submission...Not anything close to Asset Based Lending...Any HML that are considering moving to a market where there is a ton of Opportunity, Chicago is a great market.

Did I mention I love the Goal Seek function of Excel.Can you get the property for that?  

An understanding of how to write or direct the work of writing buy-side contracts to design out risk and sequence functions properly to gather information to raise moneyRaising money is a bit of an art form and this is one of the primary roles a developer plays in the art of a deal.  

But if one exists, the hardware must work and the door must function properly.

Anywho it kind of a making money with a job thats dual function is to help me learn how to manage my own property.