Try pulling this crap in CA and see if the DRE has a problem with it.Interesting that COGO Capital references their CA DRE Brokers license on their website. 

I am in the middle of finishing 2 flips there and have 2 long term Holds there as well. 

Is there a significant amount of difference between what you can buy a fix for and what you can sell the finished flip at?

congrats my friendHere is one piece of advice I have for you:As you attempt to find what area to invest in, use this website https://www.areavibes.com/Its a great resource and starting point for what an area might look like and it has something called a "livability score".

Do they value nicer finishes and design or is that additional cost lost on the typical tenant in that pocket?

I'm unsure if they lend on new builds or not, they do have a website where you can set a virtual meeting with them.https://www.goodfaithfund.com/

Let's use an example of replacing a leaking kitchen faucet (assuming it can't be repaired):You can easily find out how much the materials are by going to the Home Depot website and picking one out.For labor we Googled, "How long does it take to replace a kitchen faucet" and this is the answer we got:AI Overview: Replacing a kitchen faucet can take 30 minutes to several hours, depending on the faucet's complexity and whether you're doing it yourself.

For me to build I would want to see recent comps of sales for the finished project you are planning. 

Lancaster city limits short term rentals to only certain zones of the city so definitely look at the city website for that information.

Quote from @Chris Lo: Which platforms/websites do landlords use to find the rent rate, how long the rental properties have been on the market, and all the details about other rental properties?