@Thierry Van Roy Unless a person KNOWS your building codes, costs for materials and labor, permits, process for doing the work, etc. whatever price we give you would be no better than you making up some figure and using it.

Originally posted by @Joe Gore: @Bradley White, I think you can draw up a NCND just as good as a lawyer.

Agents license would be great for the selling points in each of those deals... but I'm also into the idea of purchasing materials myself and paying subs for labor.

If the outside needs as much work as the inside then costs can go much higher.Labor costs and materials vary by state and the property is a case by case basis.In some states with harsh winters getting contractors to do anything is tough during that time and your labor rates will go way up.

Bear in mind also that ALL child labor laws apply, so you can't have your 10 year old hauling bales of shingles up on the roof.

But realize you're earning the difference through your labor as the property manager.If you have $60K to invest, I'd hold $10K as cash reserves.

@Joe Lebovits hello Joe.

Joe Smith investor would rather get 15% total return YoY in a SFR than 2-6% in the slots market)As others stated above, you may need to differentiate your market or method of sourcing deals.

Joe Gore

Joe Butcher, My initial thought is if it's already near ARV, there isn't much benefit for a rehabber.