get a set of plans and bid them out.. add up all the bids and that is your cost.excavation.. foundation rough plumb rough heat framing windows roof siding insulation and sheet rock.. probably cabinets as well.then you can take it from there do your own finish work  paint  .. hire out flooring and granite counters etc. and you can do the finish plumb and electrical but I would have the same people that did the rough do that all for one price.

You can get several million dollars in protection for only a few hundred a year in cost and you will have insurance company lawyers fighting for you if there is ever a claim.If you choose to go the route of setting up an LLC, you will have to do it locally to the property that you are buying. 

Never on time, partial payments (which we took as he was a friend, and it hadn't gotten bad yet), culminating in damage to apartment, appliances, and taking off with no notice and rent unpaid - just a check for a couple of hundred taped to the door.Blocked me on phone, internet, and everywhere else.

Even things like kitchen cabinets have a "useful" life.

For all you know you might be able to get them out for a couple hundred bucks.

This one needs minimal updates (paint, refinish existing hardwood floors, update kitchen cabinets (small kitchen, which is customary to area)).

My question for the BP community is given by budget constraint of $1,050 should I stain the cabinets, replace and stain new cabinet doors, try to install new cabinets on my very limited budget or wait until I have a bit more $ and have the contract replace new cabinets and counter tops all at one time. 

This would be a minimum if you want your spreadsheet to match your experience.We tracked our clients for some years on over a hundred rentals and generally they achieved 78% of what their spreadsheets said they should.   

I was lucky to ran into the old folks who is living next door; a grandpa, who knows a thing or two about the problematic property.He has told me that this home is under receivership, and that the appointed new owner is hundreds of miles away from there. 

To get volume you need training, mentorship and 10,000 hours on marketing.Watching hundreds of hours of free video from note educators such as Speed, Carson, Malecki, the note queen, Note MBA, will speed up the learning curve.You absolutely will need a source of income during this time.