It sounds like that's about where you are, with your "15% markup".Other stuff is where it starts to get expensive -- cabinets, doors, windows, roof, mechanicals, plumbing, electric, landscaping, etc.

Then go to as many REO properties as you can and practice your skill set.Here is some more info that should help you:Break up the home into sections - Kitchen, baths, flooring, paint, stucco, landscaping, plumbing (including fixtures), electrical (including fixtures), HVAC, interior doors, door casings/baseboards, windows/sliders/front door, roof, foundation, misc., and garage.Once you know what the common costs are for each area for a specific size home, you can see how easy it will become to walk in and walk out 15 minutes later with a rehab figure in your head.For instance, I know that a full gut and remodel including new toilet, new vanity, mirror, sink, glass door enclosure, stone/tile on shower walls, etc will run me $2500 per bathroom.

I'm open to ideas where I can buy materials more cheaply than Home Despot.I'll have someone else make and install the new staircase, help with electricity and my HVAC guy will install air.

.$4,140 Late fees/Application fees$204,240 Effective Gross Rent-$2,424 Administrative-$1,850 Marketing-$9,000 Manager Salary-$16,900 Maintenance Salary-$1,166 Workman's Comp-$2,331 Payroll taxes-$18,914 Repair and Make ready-$1,200 Service contracts-$11,400 Management Fee-$540 Pest control-$780 Electric (common areas and office)-$3,060 Trash-$19,020 Water and sewer-$10,316 Insurance-$23,211 Property Taxes-$122,112 Total operating expenses$75,803 NOII do not have a 9-5 job.

What if you only have one electric or water bill or something?

You can also check with the electric company in advance to see if the power has been switched out of that address.

I sell my contract to buy at $25k for $27k before I am actually required to put up the money and take possession of the car.You are claiming that the fact that I am a principal to the initial contract, and to the second, is going to insulate me from having to be licensed as an automobile dealer?

I used to work for electrical contractors, and also remodeled some houses with a general contractor but wasn't in tune with the charge to the homeowner.

Other issues include - plumbing piping and electrical wires can melt, there can be structural damage, water damage from putting the fire out, etc.

Anyone use electric?