Wow, lucked out with hardwood under the old tile.

I tore out carpet and exposed the hard wood floors upstairs.

Purchase price: $63,000 Cash invested: $10,000 Sale price: $100,000 Single family home with 3 bedrooms, 2 baths, hardwood floors on a great street!

This will help you get a better idea of what tile, hardwood, carpet, plumbing fixtures and light fixtures costs for your rehabs.#3 Contact Local Contractors for Labor PricingCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.

Added a bedroom, hardwood floors thru out, new roof, insulation, electrical, plumbing , new bath & kitchen and stainless steel appliances.

And I have a very possible commercial tenant lined up, for after-sale for multiyear lease commitment (after repairs), 2000k a month, rented 2nd-floor unit is grossing 1200k currently paying and up to date (this year taxes due less than 8k).I have worked on an executive summary property, datasheet, and other numbers but I just don't know this mixed stuff, I want to be reputable always, I don't want to be misleading or be incorrect (can't post it in this thread anyway- no address included here).2nd) East Orange NJ, 4bed, 2 baths, converted 2 family into 1 family, 1400- 1700sqft, it has been fully gutted, the new fully open concept upon entering 1st floor. and rehabber is out of money and time, but into this deal already 200k in the current rehab. interesting point lots of materials are pre-purchased and locked in the property and included in offer, like the roof, some hardwood, some kitchen materials and more.

Each unit is freshly painted, new windows, original hardwood floors, carpeting in bedrooms, and additional storage space.

Since moving in, we have done the following work:-Sand/refinish original hardwood floors-Interior paint-Completely renovated and upgraded the kitchen-Completely renovated and upgraded the master bathroom-Significant landscaping updates-Converted stairwell to a walk-in pantryWe have done a lot of other smaller, mostly cosmetic projects but those are the major ones.

Assuming "new floors" means a minimum of new carpet and a max of new hardwoods. 

Eliminate any and all carpet.Yes on the tile or use a LVT or vinyl strips that look like hard wood and hold up very well.