Estimating material costs is easier but the labor is tough.

At least 2-3 times each week, I get a referral or lead for someone wanting to buy an investment property with 5% down that cashflows $23.00/month with an insurance estimate that is half of what's realistic.

Estimated time to complete 6 months.

The estimate is around $15,000 for the work necessary.

At the time, the house's estimated market value was $2MM.- By summer 2025, I plan to sell it.

I was estimating the ARV at 160-165k which I don't know what it will be for sure but I'm a little worried it might be less which throws a wrench in things as well.

Using a 1.5x estimate for what a MTR rental rate might be gives us $3,750.

They eventually sent one out who visited the property, told the tenant that she would have to buy a bunch of parts, then charged my tenant $50 for visiting, but never submitted an estimate.

Below are estimates of the housing shortage by different institutions:The National Association of Home Builders (NAHB) estimates a shortage of 1.5 million units (2021 data).Freddie Mac’s estimate is a 3.8 million unit shortfall (Q2 2020 data).A report commissioned by the National Association of Realtors (NAR) (2021 - Rosen Consulting Group) suggests a 5.5 million unit housing shortage.No matter which data source you choose, there is a massive shortage.

I estimate over 500M people according to Facebook audiences.