For a lot of things you can just look up material costs and assume the same for labor. 50% material and 50% labor holds roughly true for the entire project, at least for me here in Milwaukee, your labor cost will probably be higher in the Bay Area.100-125k spread would be tight, even for me here in Milwaukee.

Since you plan to keep it the ARV doesn't matter in this calculation.

Thanks so much for this.

And if you still are hesitant to get started, and think this mentorship could help, I would have a list of very specific questions ready:If you issue is finding good deals (welcome to RE today), ask what Tom will actually do to get you more deals?  

I share this because I thought this could help some people who are starting out in our area.

Glad to have you as a part of this awesome community, Sammy! 

To update this, we are closing on this loan on Tuesday.

This is a mixture of areas for good flips & rentals.

This is all he does.

Just took this off my to do list!