I would need to know more specs on the house but with material shortages It's difficult to say how much to budget. 80K-120K for full gut perhaps but unsure with lumber beings so expensive and shortages.I would plan 9 months of vacancy between the pain you will endure pulling permits & having your contractors show up everyday to complete the work & then final inspections to get a CO. 

What counts most in RE are relationships, and this is as easy as going to RE meetups and adding every day just 1 new contact in your CRM, and following up every other month.  

Delays: The project has been delayed by more than 8 months beyond the original timeline. 3.

We have been renting our cabin for 18 months now and I never paid the county the 7% hotel occupancy tax, ooops.

Keep all the hard systems on a 6 month service schedule.

They said for me to come back in 3 months, because I had only owned the property for 9 months.

We sold 70% of the packages off in 90 days and the remaining 30% were sold in 12 months.

We dug a little deeper and found out the city had a timeline to expand water and sewer services within 18 months.

I'm also an investor in the local market that has scaled my portfolio to over $10K+ month in net cash flow.

The permitting process is expected to take a few months to finalize.