Quote from @Kathy Kifer: @Michael Plaks - I just came across your response to this question.

Is this a long term rental?  

Should this comp as new construction or remodel?

We use them for every deal we can.

My wife and I used to do flips in this area, and I have a couple listings along with long term rentals I manage in the area..For the co-host, they typically do not handle permitting and other items like that (this can be agreed upon between you and the co-host.

This is exactly it - it is impossible to know the future. 

Lightning Docs, which we use, charges $500 per set and I believe Doss charges $400 but we haven’t used those. 

Appreciate if anyone can provide a rundown of costs to expect with this type of transaction?

I am currently 5 weeks into working my first fix and flip and I am obsessed.

Purchase price: $215,000 Cash invested: $450,000 This is my first full rehab and purchase of a property which.