Work involved is alot of elbow grease, enclose carport to garage, some sheetrock work, ext. and int. paint, redo hardwood floors, kitchen cabinets refaced, and of course baths need some work.

- Use bamboo or Cork instead of hardwood.

refinish on the hardwoods, new carpet, the works.

If you do it correctly, you don't even need to sand it.On another note, I also do the same with the all the hardwood trims.

If the floors are a hard wood and painted I'd just put another coat of paint over them.

By the end of that first project, I had a pretty good idea of how much materials would cost for any project moving forward (I created a materials spreadsheet that I took to Home Depot and copied prices off the shelves), I had a pretty good idea of how much the basic contracting tasks would cost, and I had a pretty good idea of how much time it took to do things like install hardwoods, install a faucet, replace a window, paint a house, etc.

DrywallPatch & PaintFlooring (carpet, vinyl, hardwood, tile)Ceiling RepairsWater DamageTrash RemovalKitchenKitchen AppliancesBathsOther[size=18]Mechanical[/size]HVACWater HeaterWater Service LineWater PlumbingWaste PlumbingElectricalJoistsFoundationOther[/list:u]Who wants to add on?

We would like to lay hardwood down in the Great Room and Dining area.

Hardwoods covered up by horrid carpet.

okay, here's an example:we're currently negotiating a house in the number one school district in the statein a premium townshipin a specific area with absolutely beautiful homes around iton a .35 acre nicely shaded flat lotwith a sunset right in the back yardthat is in need of minor repairsthat looks aweful to the untrained eye - and i mean badthat smells like catswith hardwood floors throughoutin need of a kitchen redo (cabinet refacing)needs minor upgrades to bathroomneeds quick finishing walls in basement, throw down some rugsneeds driveway pavingHOUSE was a rental, husband passed and wife wants to sell it.asking price: 299,000 - as is - it is probably priced about okay for the condition it is in.Price we're negotiating for - 265,000 (maximum)Projected repairs - 23,000 (we do the work - 1 month completion)Projected Closing Costs (X2) - 28,000Projected Holding Costs - 15,000 (6 months - 8% 30 yr term - just a regular PITI)ARV - 395,000Profit - 75,000the above numbers are extremely conservative.