Comparing quotes will help you identify the most cost-effective option.2.

From there you'll need to determine Debt Service (if it's a financed deal) and Capital Expenses, to then calculate Cash Flow.The Cash-on-Cash Return (CoCR) will just be Cash Flow divided by the All-In Investment (Purchase Price + Renovations + Closing Costs + Wholesale Fee).If you're wholesaling these deals, I recommend you aim to offer your buyers a Cash Flow of no less than $250/mo and a CoCR of 10% or higher.

The repair costs will take multiple years to recoup and with the age of the property I'm concerned if it's even worth holding long term or get out while I can before I fall into a money pit and get stuck.  

Emphasize that your offer reflects the necessary repairs and the costs associated with fixing up the property.

AI can connect you with our cost segregation specialist if you have any other specific questionsGino

I always hear that it is the least costly.

I am not confident how much it would cost and wonder if it is wise to pass this property to fix if I am not familiar with this issue.

And when mentioned it's in context of housing costs are too much, and to make housing costs affordable "for all".

I found out who did it for them and the cost was 1/4 what they charged at the workshop.They also offered a deal, but I didn't feel ready .

Any input appreciated - thank you. how much was your water and engineering cost?