But its tough to step into a bathroom and a kitchen for less than $12K.Send me a dm if you have some specific questions, I think I can give you a basic framework on about what labor costs are going to run, 

Sounds like you've got a good financial framework established.  

It's also important to include your CPA in these framework discussions.  

Scott's Book on Flipping  Houses discusses this in depth so it will definitely give you a framework.  

For me, for example, I generally do not consider any houses in my market for more than $100k, as it doesn't fit my framework for buy/rehab/rent.

Siding, Windows & doors, trim paint) Interiors typically work from the basement up in this sequence - DemoMEP- Mechanical Electrical Plumbing rough in Insulation and air sealing Drywall hanging / taping and finishing Paint or wall finishes Finish flooring / tile, hardwoodsCabinetry / casework / wall tile in kitchens and baths Interiors doors / baseboard / crown molding / door and window casing Finish plumbing and electrical - also called trim by tradespeople That's it in a nutshell, some may use different sequences but this is a general activity framework.

A refresher of a Gay keller reminded me about a simple basic framework to measure where you are at with holds that I wanted to share.  

@Eric Braxton, J Scott's book lays out a nice framework for estimating rehab costs, but I wouldn't place heavy reliance on the numbers listed in the book. 

I might have left out some things but that my friend is the basic framework of a vacant house deal.

When ppl say there is a “high demand but a low supply there... ” I’m curious as to where to find the frameworks for that information.Do you just keep an eye on prices in that area?