I was just wondering if I chose to go the BRRR route how do you guys go about estimating rehab expenses if you don't know anything about rehab and what certain rehabs costs. 

You have less expensive options at $.97 per sq ft at Home Depot that will last many years. 

While going to school I rented one bedroom out which helped pay for various expenses and as money allowed I was able to remodel and update the home.

Much appreciated.Respectfully,MattHi Matt, I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

However, the water and gas would be prohibitively expensive to split out, so I need to figure out how to handle those utilities and bill seperately.

So why spend the money on the licensing and the LLC when it is only an additional expense?

Just part of our expense equation. 

I am able to write a lot of expenses off as I'm self employed.I realize I need to seek help from my CPA but he is out of town.

Tax expenses also vary widely by investor, and since NOI is specific to the property, not the person, do not include it.NOI equals all revenue from the property, minus all reasonably necessary operating expenses.

That can be VERY expensive if rates do drop on the next year or two.That being said they can be powerful products as long as you understand the pro's and con's.