Depends on house size, location, 2 versus 1 story, etc.The only fixed I could offer is closing costs (real estate agent fees) which is usually 6% of the ARV or sale price.Anything else would be ballpark numbers like roof, foundation, kitchen/bath gut/remodel, paint interior/exterior, etc.Roof: $7K - $12K (But depends on the type of roof and if plywood needs replacing or if there are more than 1 layers of roofing that have to be removed.Foundation: $1K - $8KKitchen (total gut): $8K - $15K for average 10x10Bath (total gut): $3K - $15K depending on whether 3 piece, 4 piece or master bathInterior Paint (whole house including baseboards/trim): $1.25 - $1.75 per sq.ft.Exterior Paint (whole house): $2.00 - $2.50 per sq.ft.Note on painting: It's based on sq.ft. of house and 8 foot walls.

hi @Kevin StrHere is a list of Master Lease Option articles, I hope you find them useful.http://bundlr.com/b/mlo-master-lease-optionSome basics:Need to find a motivted seller throgh marketingNeed to negotiate just with seller. 

Dude is a Master!

I have two deals, but I can only finance one.First deal: 4-Unit Building for Buy-and-Hold-28,00 down, 188,000 asking price (about 85-90% market value assessed through comps)-owner financed for two years with refi-balloon, owner pays insurance and taxes AND will take ALL of my payments toward principal (28,800 over two years), leaving me with 131200 left on principal after the two year period-property is in a small, clean, safe, and well-to-do 'podunk' town between three of four of this area's biggest cities, allowing less than a 20 minute commute to all of them-the property will likely need few, if any, repairs and cap-ex over the next few years as it was gutted and completely rehabbed 18 months ago-I would be paying ALL utilities and internet access, at least for the first two years prior to my refinance-proforma: After Purchase Rents 3000 Facilities income 100 Gross Operating Income 3100 Taxes 100 Insurance 90 Vacancy @8.33% 250 Maintenance @6% 180 Management @10% 300 Refuge 20 Water / Sewer 100 Cable 150 Gas and Electricity 400 Net Operating Income 1780 Debt Service 600 Cash Flow 1180 During 2yr LeasingRents3000Facilities income100Gross Operating Income3100Taxes0Insurance0Vacancy @8.33%250Maintenance @6%180Management @10%0 (I will manage)Refuge20Water / Sewer100Cable150Gas and Electricity400Net Operating Income2050Debt Service1200Cash Flow780Deal Two: 3/1 for partial rehab and flip OR buy-and-hold-in a family-neighborhood with good schools (where children in the public schools get free college eventually), in the wealthiest and fastest growing of those 3 cities mentioned above-needs a 50% rehab (ALL new appliances, new kitchen, new windows, full cosmetic throughout-has a basement and space for a master bath to make it a 3/2-comps in the area run 80K to 100k-monthly rental price could be 1100-1300-buying it from a wholeseller with whom I could establish a relationship for future benefit-Estimates: Purchase Price 19000 Repair Costs 24000 After Repair Value 90000 Purchase Price % of ARV 21% 6% Agent Commision 5400 Closing costs 1200 Carrying Cost 4mths: tax 580 CC: Utilities 1000 Net Profit 40200

For simplicity sake, I will just focus on apartment in this case Location to Invest :- Path of growth to any of the top 20 fastest goring cities and/or locations with high rent and lower cost per door - where cash flow is easy per doorLeveraging the $100K :- I will setup creative marketing plan to target small apartment(20 to 30 units) to medium apartment (31 to 80 units) owners that their situation (and/or property situation) will allow me to get up to 95% seller financing or master lease option.

I want to master real estate looked forward to hearing from you :)

When you master at this, you can possibly move onto short sales (properties that are "underwatered", mortgage liens are more than what the property is worth) and then move onto REO.

Yes, you'll pay a little more upfront but once you master the behind-the-scenes stuff, then you can take on more responsibility.Disclaimer: I have zero experience flipping houses but I have 10+ years in property management and a decent amount of common sense.  

I've lucked out in life and have a father who's built homes from scratch, and have a grandfather who is a master carpenter, so I know I will have a support team in PA.  

might be good to start with a master lease on all properties.