I budget $100 per box.

Look at what you have spent annually on repair issues in the past and compare that to the cost of the program.  

But I got one this week on a Judicial foreclosure I wanted to buy redemention rights on and I ordered in 9am on Monday had it in my in box 4 pm next day.

I paid $32,500 for the house, spent $6500 on windows, paint, and carpet. 

I haven't  tried this approach yet as my first home was a primary residence before converting to a rental, but I have spent time cultivating a relationship with local lenders (and investors) for when I am ready for my next deal. 

Total rehab: $17,270 (estimated was $18k and change)The numbers on this deal:Purchase Price: $72,000 cashRehab Costs:Kitchen Granite: $1300HVAC upgrade: $500Electric Fixtures: $800Interior finish: $2300Bathroom: $800New floors: $2800Dumpster: $1000Deck: $3000Microwave oven and elec: $600Rotten wood removal: $895Deck stain: $595New sod: $1795Shutters: $295Concrete stain: $495Mail box: $95Total rehab: $17,270 (estimated was $18k and change)Total cost: $89,270Sold price: $115,000Profit: ~$25,730 (after soft costs it should come out to around 20k, need to figure those)DOM: 150They really nailed the rehab budget and for that I give them credit.

I have an associate on the East coast that credits their paid coach for their success and they have spent good money but have done very well with the information provided to them. this paid mentor had a very well thought out method for them to get into the business and they followed it to a tee..

Although - I think we may add an "initial here" box to those clauses to be sure that it's understood completely.

Here's the link: http://get.biggerpockets.com/flippingbook/Make sure you check out my blog post (link in signature box) for some extra motivation for your real estate journey.

I have never seen anyone fail in this business who has spent 1-3 hours per day prospecting for new leads".