Hello, I saw a house in the San Diego area yesterday, it looked like it just needed paint, carpet and updated fixtures from the pictures. 1980 built, but it looked like there is some water damage from a window and I don't know how much I should estimate for a repair.

Click download and a excel spreadsheet will ask you to Open on your page window.  

Use your net trade-lines monthly and pay immediately.I use Quill for toilet paper and Uline for window cleaner and paper towels.

Replaced all windows, doors, flooring, painted, enclosed a porch, redid kitchen and bathroom as well as a lot of electrical upgrades (running new wire, adding circuits) only hired help was roof repair, plumbing, and some of the electrical.

I would throw the ROI calculator out of the window.

Then go to as many REO properties as you can and practice your skill set.Here is some more info that should help you: Break up the home into sections - Kitchen, baths, flooring, paint, stucco, landscaping, plumbing (including fixtures), electrical (including fixtures), HVAC, interior doors, door casings/baseboards, windows/sliders/front door, roof, foundation, misc., and garage.Once you know what the common costs are for each area for a specific size home, you can see how easy it will become to walk in and walk out 15 minutes later with a rehab figure in your head.

The seller isn't sliding a pile of money across the closing table and then the buyer is sliding it back.

At about seven o'clock we slide over to the meeting room ( skinny tables, chairs too close together, you know) for coffee or tea and the show begins.

After inspecting the property I realized it would need more work (including windows, re-pointing, drylocking, and a garage demo) and my new estimate was now $70,000 (my main contractor came back with a 71K bid).

If you threw it out or "pushed it in the street and wrote free in the window" you could find yourself on the losing end of a trip to the courtroom.Good luck.