Currently down to studs with plumbing going in.

Purchased for $69,000, it needed a full rehab, including a new roof, plumbing, and modern updates inside and out.

Looking at some rough quotes, they start at $30 a month apparently and you can cover things like HVAC, plumbing etc...  

We were shocked at the cost of goods, lumber, cabinets, paint, plumbing.

Will need about 10k of cosmetic work and some minor plumbing.

However, these properties generally have a lot of land improvements that qualify as well as certain portions of electrical, mechanical and plumbing that can qualify.

I then hired contractors for plumbing, electrical, roofing, and HVAC upgrades.

Once the interior was stripped and the infrastructure tested, I brought in commercial contractors to handle critical systems like plumbing, electrical, roofing, and HVAC installation.The house, built in the early 1900s, was originally a coal-burning residence.

., major systems like plumbing/electrical)Full Gut/Studs Down: $85-$120 per sq. ft.Luxury Finishes: $150+ per sq. ft.For ARV (After Repair Value), you’re absolutely right—it’s all about comparable sales ("comps").

Assume a couple of months of vacancy, consider potential unexpected repairs (like HVAC or plumbing issues), and test the numbers with rents dropping by 10-15%.