Maybe just rough things out like "Roof = $X", Plumbing = $Y", "Fixtures = $Z", etc. 

Today, this approach is known as saving $3 a day by not buying a cup of fancy coffee and investing the money instead to have much more money to enjoy at retirement.

@Jay Hinrichs @Mike Nuss Hey Jay, I see Mike's cup of coffee and raise a pint of microbrew. :-)

I'll throw this to you...a quick and dirty little estimate, numbers are labor+material based on what I've spent recently...Insulation - $6kDrywall - $10kInterior doors/trim/shelving - $8kInterior paint - $8kFlooring - $12kCabinets - $15kCountertops - $6kElectrical fixtures - $2kPlumbing fixtures - $2kShower/kitchen tile - $8kHardware - $2kGlass (shower doors) - $4kDisposal/trash - $3kRough/Final cleans - $1kAppliances - $3kMisc/unforeseen - $5kTotal - $95k and he hasn't made a profit yet.It adds up quickly!!!

Hey Kyle, I would be happy to grab a cup of coffee or something if you're interested.

Snagged a $783 light fixture for $45 at local Restore—same with tile, trim, flooring. ;)

When do you have time to meet up for a cup of coffee/tea and discuss real estate?

In rare situations that can be as simple as slapping some paint and flooring down, but more often now it means developing land, subdividing lots, scrape and build, etc.If that's not your cup of tea, that's okay; the stock market is perfect for passive investors, and returns are quite good.

Basically it talks about paint, floors, fixtures and windows.I am a vet looking to use my VA loan to do the same thing as you.  

Use little more on light fixtures and some design items etc..