Spend just a few hours a week honing your marketing skills, continue to develop your note sourcing methodology which is the #1 skill you need to succeed.

Link to Purchase listLevel of finish - similar to this : 538 s harvey ave , oak park , ILLink to Model homeAlso if any one is in similar stages of rehab and want to exchange notes on methodology , finding contractors , finding materials , Finish choices , please send a connection request , I am a big believer of sharing knowledge and firmly believe 1+1 = 4 .P.S: Even if you are not experienced and just looking for advice I am open to talking.

I understand that PM is not a glamorous business; however, I am lucky that I am young enough to gain experience in an area inside of real estate that will help me further on throughout my REI journey.I would Befriend Chris Clothier and ask to visit his operation in Memphis and get the tour.. and understand their methodology.  

As Bill and James pointed out above, there are some flaws in your assumptions, but the biggest is this -- there is no ONE RIGHT WAY to manage a rehab, manage contractors, decide who will provide materials, etc.While I agree with some of your points (and disagree with other points you made), the fact is that there is a lot of personal preference, personal circumstance and personal business methodology involved in deciding how to get your rehabs done.Investors are on site day 1 when we start, and back the day were done and never need 1 second of time in between.

It is a textbook so be prepared for the textbook-style teaching methodology.

I haven't, but I've been playing with David Allen's Getting Things Done methodology.

.- David Allen is a Coach (GTD has changed my life!)

The link I provided has the charts and methodology used to derive those numbers and how the author defines "real value."

HouseMiners.com actually employs a Nobel Prize winning methodology to calculate the so-called home-buying barrier price.

By that methodology, your price to rehab both scenarios would be the same which is ridiculous at best.I am a rehabber as well and I can tell you that the ONLY way to estimate yoru costs is to have the knowledge and experience necessary to know what specific items cost so that you can plug THOSE numbers in, not some GENERIC formula.