They'll give you a sense of what Cap Rates different property classes are getting in your area.As far as property classes, here's how I think about it:A class: White collar/upper-upper middle class, higher-end finishes, very safe neighborhoods, good schools.

Luckily, the floor was not finished but I knew this is going to cause some trouble down the road with mold.

However, there was a bit of a falling out after ~85% of the work was finished, and the GC was subsequently fired.

Have a tenant that stopped paying rent and think there are people illegally staying in the finished attic.

New to the site and new to real estate investing (although I just finished with The Book on Rental Property Investing).My uncle (age 57) and I (age 48) want to start investing in residential single-family real estate. 

If he is mentoring the entire process from start to finish I would think there is an understanding that you may not know the basics.

And how do the finish outs compare?  

The idea behind BRRR is that you finish the rehab and you are ready to rent the place out and move into a cheaper/longer term loan product immediately and then on to the next deal. 203k loans, in addition to the extra red tape and requirements like using a licensed GC to do the work, have 2 major caveats: the property has to be livable and it has to be owner occupied.

The ransom money escrow holdback was IIRC about double the highest estimate from what three general contractors said it would take to finish it.

This method of doing things definitely required more of our time & sweat equity, but we were able to perform what amounted to nearly a gut rehab with high-end finishes for $60 / sf.We finished the renovation and immediately staged / furnished both units.