The quotes they got were around $24k & I assume it's all labor as there was nothing detailed, (no SOW), nor anything resembling a materials list ???

I have sold a couple of SFH that resemble a 2 unit building with no issues & the possibilities for future development is enormous.

I've had my realtor sending me updates daily and anything that even resembles a deal is scooped up with cash offers within days or less.

The real world of RE investing bears little resemblance to lending.  

Quote from @Luka Milicevic: Contractors will be contractors.Hey now, I resemble that remark.... 😂 

The plan will be to buy a small place in Lucca or somewhere resembling it, fix it up, then Airbnb it during the busy months. 

I would love to spend some time listening to it, but I can't seem to find any resemblance of that podcast.

Even then, in Europe the degree to which their dorms or frats resemble the  “Animal House” or “American Pie” type experience is a fraction of what it is in the states. 

This winter season may be the last quarters you see for a long time that remotely resemble anything remotely close to making sense.

If the Covid-19 crisis resembles the 2007 Great Recession, what you will see coming is more demand for affordable housing coupled with more moms and pops wanting to sell because they're freaked out or want to spend the rest of their life doing something besides running the mobile home park they built.