Use that information to formulate my offers for returns to my prospects.Present these terms to my prospects and negotiote/refine from there.

So when you formulate your repairs list and you're going down the line you can ask them what they think all this costs?

The responses have been very helpful but I guess I didn't formulate my original question correctly....is it inevitable that I will have to get this stuff replaced with drywall at some point (if not right away)?

Trying to formulate an investing strategy myself and Colorado real estate is so expensive compared to other locations.

was to formulate not only a buy strategy but exit strategy early on.

How should I formulate a list?

Interesting comments guys.Lynn Andris: My thought (formulated mainly from reading Steve Cook's BP articles) is that many of these hedge funds are driving up prices to the point where the SFH game is not as lucrative as other traditional investments.

Do investors typically charge a roundabout cost and put that into the rent (and if so, how can I formulate that roundabout cost for each unit).

And because BRRRR investing (and house-hacking) is a long-term game, you want a lender who can be a strategic partner to help you and/or your clients formulate and execute on what might be a years' long plan.

You need to figure that all out, and formulate a game plan on how you want to get there.