Once you itemize each repair on the property you need to allocate a price for labor and material for each item to create a detailed estimate for the project.Once you get more experience inspecting properties and estimating costs for your rehabs you can look back at your OWN COST HISTORY and derive your OWN RULES OF THUMB that you can use for quickly evaluating properties in the future.I would recommend getting The Book on Estimating Rehab Costs to help you learn the basics of estimating costs for your projects.

Tariffs and trade wars that have dampened manufacturing generally and raised costs of housing materials specify.

.#2 Explore Lowes and Home Depot to Learn About Material PricingTake a tour through Lowes and Home Depot (or their websites) and look at finishes materials and fixtures that you will consider using in your rehab projects.

I looked at the materials that they distributed after hearing them on a podcast. 

I know a lot of you have materials like this for your business.

Personally, though, I would prefer not to have potential leads learning that I will not pay all cash or close quickly despite having it in my marketing materials.

The only way to make them have any sort of legal protection is to have at least one other member who has a material ownership in the LLC.

Granted, these are very rough estimates, material cost and labor varies significantly based on your market.A new roof should run you anywhere from $9,000-$15,000 depending on the size and material you choose.

With current construction prices, material shortages and the general lack of availability of builders in our local area, I am now considering selling the land which has also appreciated significantly in value. 

ONCE YOU START--YOU CAN'T STOPEnded up being 100k (covid material shortages and delays geeeze)Absolutely beautiful!!!