The rehab costs are anywhere from $60k-$80k.

I also switched title to a trust with a quit claim deed and the cost to record is only 39.00 here in Illinois.  

Those two items added $6850 that included labor costs to our renovation costs.

Finally, how can I estimate the costs for repairs?

This is a possibility for me due to the low down %, although I’d need to include closing costs and other fees.Conventional 5% downThis seems like a possible better option due to the lower PMI payments and potentially lower rate.

Another consideration would be to look at it as a start-up expense if it's regarded as a trade or business (can deduct up to $5,000 immediately for eligible start-up costs).

Any ideas or expected costs? 

This, however, changes not only from county to county but also by neighborhood, zip code, school district, etc.Another change we are witnessing in real-time is increased seller’s concessions, which can go towards financing closing costs or buying down the interest rate.

Hi @Rita SamaddarI recommend areas based on three things:Budget: Knowing your cash to close helps me suggest the best areas, especially if you're using a hard money loan.Rehab Level: Whether you prefer low or major rehab impacts the neighborhoods I'll recommend.Market Dynamics: Areas with minimal days on market are ideal, as they predict how quickly your property will sell post-rehab.In conclusion, start with how much you have to work with and the level of rehab you're comfortable with to find the best areas for fix and flip.

Everything costs more than you think it will.