Shoot me an email...I'll send you a list of some of the main things I use...

For the most part, I stick with a absolute number, not a % or an ROI...here was my response on the blog:------------------------------------I tend to focus in the lower price point properties -- generally $90-140K resale -- so my profit targets may be different than others (and definitely different than Will's and other CA investors)...But, I shoot for a very, very conservative minimum of $15K on each property if the sales price is up to $120K.

It's all a crap shoot in the long run :D

If you have a video camera shoot the whole house inside and out.

At the beginning of a project, my project manager shoots me an email with all the finishing materials; it might look like this:- 1 Exterior Door (36" RH)- 5 Interior Doors (32" LH)- 2 Flush Mount Fan/Lights- 1 Large Fan/Light w/Downrod- 2 Basic Fan/Lights- 8 Privacy Locks, 7 Passage Locks- 4 Bathroom Sinks (19"), 1 Kitchen Sink- 4 Bath Faucets, 1 Kitchen Faucet- Set of Appliances (w/Gas Range)- Etc...I'll bring up my spreadsheet, put a quantity next to each item, fax it to my guy at HD straight from my computer, and he'll generally call me the next day with a bid price generally about 14-16% off retail).

The next step is to bondo the repair then primer it block it out and finally sand the entire tub down and shoot a new coat of gel coat for a tub that looks new.

It is not a huge amount so not sure what more experienced investors out there shoot for.Also, does anyone know how I can lien this at closing so that I could refi after 3 months to cash out and turn this into a rental?

I also like to walk into these places so they see me between jobs... shoot the breeze, insult the owner's mother, and tell him what a ripoff his prices are.

If you know of any lenders who would potentially fund this, please shoot me a PM or e-mail.

I should explain that on the phone and say i am just shooting numbers until i check out the house toSave me time?