The $15 we put was a conservative random bill that my REA said could come up say for like some lights outside the house that may not be included in a the meters, but we are actually thinking that this expense will not exist.I think what I'm looking for is some guidance on what these numbers mean and how they will benefit/hurt me if I go with the purchase.

.$25k in materials and laborMonthly holding costs: $557(int payments, taxes, utilities, insurance)House info as purchased:House built in 1971 - Solid B neighborhood - Great Schools2081 sq ft4 Bed, 2.5 BathNew RoofNew WindowsNew HVACVinyl SidingWork to be performed:New cabinets and counter topsLaminate downstairs and carpet upstairsNew vanitiesNew light and plumbing fixtures(tubs staying)New water heater Paneling removed from den and replaced with sheetrockWindow removed from eat in kitchen and replaced with slider to access the back yardSmall deck built off of sliderAnd obviously paint throughout.We will probably price it under market value and hope to sell it quickly(30-60 days) at $125k which would give us a profit(after commissions, closing costs, and carrying costs) of $22k-$23k.  

@J Scott @Andrew MichaelHi J and Andrew,That ARV... will that be the ARV of a brand new home?

Open the shades to let light in when you take the pictures!  

Is it just a light rehab?

Haha it's very rural it has 2 stop lights and just got its first McDonalds 3 yrs ago.  

Combined with great branding, those multiple touches cause people to remember you over time, so they think of you when the need arises in their life.  

What other red lights should I be concerned about beside the standard DD requirements to purchase any PN?

Would you invest money with a brand new stock broker who has never traded a stock and has no track record? 

Wow.Love the drywall and lighting improvements on the ceilings in the living and kitchen areas - really updated the home.