As I do tours through Baltimore, I listen to various tour guides tell the people about the rows of homes that could have been bought for a dollar just a few decades ago are now selling for nearly 1 million dollars. 

I have just acquired a single-family home, and I had him tour the house with me to provide a quote on the deferred maintenance and repairs.The next day (yesterday), he reached out to me to inquire about the rent.

We didnt realize hollow sound was missing sub floor.Rehab #4We toured this property with PM this afternoon and are estimating about 16000.

When I called back, they said they toured it, took pictures, & decided it was unsafe to show and the property needs to be purchased sight-unseen.  

Diamond Head/Kahala  area: Over 2 1/2 months showing SF house, over 3k sq ft, 16 inquiries, 10 tours, 3 no shows, 3 never arranged a tour. 0 rented.

Also, what types of things should we be looking for as far as rehab costs before contacting a contractor to tour the property?

In doing so, I highly recommend visiting the market you are thinking of investing in, meet and tour with the provider, and at that time you might also meet with other providers in the area to compare, as well as RE agents and PM. 

It's the 'back of the napkin calculation' equivalent of touring a market yourself.

So, I decided to tour some properties, and that was when I had my rude awakening.  

So far I've been coordinating tours for prospective tenants around the schedule of my current tenants to make sure I'm not entering the property without the current tenants being home.