The scope of work involves renovations to the kitchen, relocating toilet fixtures, demo/ relocating some interior walls, and replacing some exterior doors and windows.Since I live in the Bay Area and have an architecture/ design background, my friend has asked me to serve as a Project Manager of some sort and manage the project locally for him.

The architecture, the pool, the location and the fact that it was gulf access made it a very sought after property from the get.The home was just extremely dated.Here's what we did.New HVAC (2 units)New Hot water heater.New kitchen with will removed, plumbing moved.New Plank tile flooring in all main and common areas.New Carpet in bedrooms.Restructure and complete remodel in Master bath. 

.#4 Contact Local Contractors For PricingCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.#5 Build Out Your Database in a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.#6 Practice, Practice, PracticeWalk through distressed fixer-upper properties (or find properties virtually online) and practice creating detailed scopes of work, quantifying repairs and estimating rehab costs for the projects.This will help you get acquainted with common rehab repairs, rehab costs & estimating terminology.#7 Get Your First Rehab Project!

I am also new to investing but have over 10 years of architectural experience with large commercial spaces and buildings to SFH and multi-family residential.   

Even, understanding of the main beams load to have columns stacked to keep weight transfered. ( tho, ill let the architecture worry about this at all times).

There I earned my Bachelors of Science in Architecture and Masters of Architecture in 2015.

Remember building cost include everything including architecture design, permit, fees, variances, red tapes, neighborhood meetings, land prep, etc, all the way to final product ready to move in.

we are in Charleston SC and even though it takes some time to go through the architectural reviews building permits are only 5k or so.In my city of lake Oswego oregon we will pay about 45k or so.. just for permits.. and on my project in Gresham were I built the subdivision we paid 45k a lot for the underground and paving.. then 30k for building permits ... so 75k before we even bought the land.. we build for about 100 a foot.. and sell for about 170 a foot to 300 a foot depending on single story or location thats in Oregon.In charleston I sold a 1500 sq ft 3 and 2 i built for 550k ... so some good margins there. what are your numbers if I might ask. ?

You have to have architectural, structural, green plans/notes and Title 24.

But working in the architecture field (high density residential to as low as high end single families), I deal with spec'ing and coordinating with manufacturers directly, all the time.