They can spot big ticket items that are not easily seen beyond cosmetic repairs.   

Any REI advice or recommendations for newbies are welcome and appreciated.Criteria:Location - We'd like to get our feet wet locally in WI but open to venture out if it makes senseProperty Type - SFH, MultifamilyProperty Condition - Turnkey & Cosmetic repairsInvestment Strategy - Buy & Hold, MTR

I will make about 10 to 12k on this one he will make about 60k without putting up a dime.4. fix and flip  he put up 10k but we had to remove the tenant so its under rehab now.. same spread as the first one  he will get his 10k back and make about 30k I will make 10 to 12k for loaning in 100k for 6 months.. 5. cosmetic flip  cant recall the numbers but this one i funded 100% and its about done I will make my 10k and he thinks he will make 15 to 17k on a 30 day rehab prime area of his little berg.I also pay all the insurance he has to pay UTLS though and he has to put up EM which you know the mid west its a joke 200.00 bucks or 500.00 bucks..

Example: buying a property for 10K that you KNOW will ARV/appraise for minimum 40K (based on surrounding comps), that OBVIOUSLY can be rental-grade-rehabbed for less than 20K (cosmetic, paint, kitchen, floors, etc) and that will easily rent to great tenants for $800 (again, based on surrounding comps). 

On my first property we were planning a cosmetic flip based on the inspection report with a mediocre inspector and unfortunately once we got into it I spent close to $60,000 rewiring and making many mechanical and physical upgrades.

We knew we could increase the value day one with some basic cosmetic updates.

My target purchase price is under $1.7M and prefer cosmetic fix to start with.

I like to look at deals on a total return basis and a cosmetic value add boosts that greatly.

And also know that if you make more than $200-250,000 in combined investment income in a year there is a 3.8% Medicare surcharge on top of that 22% or whatever percentage.Best advice - start with a very cosmetic flip.  

Does anyone know what’s the average cost for cosmetic/ full gut rehab in Seattle Washington per sqft.