With this, I would like to implement the BRRR strategy but am having trouble estimating rehab costs.If anybody could help, or connect me with someone that could, I would greatly appreciate it.Thank you all and happy hunting.

Each time the response was “Unfortunately I cannot provide an exact estimate at this time for the date of completion”.

Overall projections are not far off from estimates.  

. $38,000 would be amazing to get that, but of course, those are estimates and if it works out well. 

If you are able to lock up deals and you mess up the repair estimate (like most wholesalers), no one is going to buy it and you will be buying too high.

What did you estimate for maintenance/cap ex for the 2 units and how did you derive the number?

I only replace things that would make the appraised value come in at lower than my estimated value or that are likely going to stop working or cause an issue within the next 3-5 years. 

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.

Modeling uses templates to estimate allocations although some firms still dig very deep on these types of studies, costing $1,000–$1,250.DIY tools are cheaper but often miss deductions and lack audit-ready documentation.

Estimated CostsADU costs can range DRAMATICALLY depending on the state of the lot, custom vs fast track plans, size of ADU, materials and finishes, speed and quality of the builder, etc.