What about turnover costs (when a tenant leaves, you'll likely have to paint, replace some flooring, repair or replace cabinets/countertops, etc)?

I put laminate counter tops in though.

Just needs counter tops finished in kitchen.Approximately 10 miles from where it's currently located I Have a site already with utilities.

Add overhead lighting to all bedrooms ($500)Plumbing system – No idea, should have checked faucets, under sink, etc.Flooring – Hardwood downstairs in common areas, kitchen, and stairs ($5000) Carpet in 4 bedrooms ($1500)Kitchen – New cabinets ($4000), new appliances ($2500), new sink and granite countertops ($3000)Bath – Gut.

I do have some things that are not as nice as I would like such as outdated cabinets or countertops.

What is a conservative for laminate countertops and linoleum flooring?

However, if, as a wholesaler, you can provide real value in this area to your buyers, you will stand out above the rest... and gain a huge advantage.My student, in Jax, of all places, actually went to Home Depot and priced out stuff like counter tops, flooring, paint, appliances, fixtures, etc, etc and created a spreadsheet in excel.

Granite countertops?

We don't have to make 30k in profit because we're planning on holding it for 2-4 years while we live in it.We're on a 203k loan (and we've talked to the listing agent and mortgage broker and both feel we can get the loan done before the sellers bank demands closing) and a 203k wants licensed contractors to do most of the work.So without further ado:Repairs Number of units CostDrywall repair 25/patch x 5 500Tiling in Kitchen 7/sq ft x 84 650Refrigerator 1 2500Dishwasher 1 500Granite counter tops 60/sq ft x 54 3200Oven 1 600Paving the driveway 75/# of square yards 2500Updating 2 bathrooms 2 2000New fencing 200 lin feet 1500New Carpet 400 sq ft 1500OR Hardwood floors 400 sq ft 3000Dumpster 1x2 500Landscaping 3 yards 1000Opening front porch windows300/window x 3 900stone walkway .05 x 5616 sq in 310Paint interior 1800 sq ft 500Labor .5 of total cost 10000 30160Offer on House 45000Rehab amount 30000Total loan amount – down payment 72375Closing costs 4300Down payment loan 2625Upfront Cash needed 6925Monthly payment ~550/monthDo those numbers look anything close to realistic?

They will also refinish tile floors, countertops, and anything else you could imagine.