., I estimate that this will cost over $10k.

I also review the insurance costs and try to get a solid estimate of coverage expenses to fine-tune my calculations.

Make sure you have a lot of ducks and all fo them in a row. 5 year estimates on revenue and expenses, full business plan, licenses etc etc all in place before you go in.

It can affect estimated replacement cost and therefore the amount of coverage recommended/required.  

Good afternoon,I am seeking help obtaining market data to calculate the cost of living and estimate rental expenses in the US. 

It has sat empty for the last 20 years but the current owners have completely gutted it, have bids from contractors they're willing to share, cost estimates etc. and have had lots of inspections done and so much pre-work with the city and county to figure out what they can and can't do, so a solid plan is already in place.

I'm glad to help with info, or potential rental estimates for properties you're thinking about on the STR side.

Not calculating maintenance expense could end up being a nightmare.I always estimate (using either the 50%, 1% or square footage rule) the annual maintenance / first year of maintenance fees for a ALL rental property.

I typically look at Zillow, centimeter and BP to get a full understanding of what rents are in the area to get the best estimate of what a property would rent for. 

It is estimated that in 2020 alone $48 Billion was invested in new projects in over 3800 different census tracts.