Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookDownload BP’s newest book here some good due diligence in Chapter 10.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

I am trying to get better at evaluating my deals and one of the things I am looking for is to better estimate capital expenditures.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

4) How to estimate costs for each step?

I guess what I am wondering is that if this long just to get the Good Faith Estimate (still nothing), then once/if signed we start that 30 day clock to close, Offer on next deal, 30 more days once accepted to close that one. 60 to 90 days to rehab these things. that is alot of in between time.

The market could soften, this happens all the time. and your property that you estimated was worth 150K is now only worth 140K.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack. 

I'm reading and getting involved with:J Scott - "The Book on Flipping Houses"J Scott -  "The Book on Estimating Rehab Cost"Rick Villani and Clay Davis (book and audio) "Flip - how to find, fix, and sell houses for profit"Joining BiggerPockets as a Pro memberVisiting my local REIAs for seminars, webinars and networking  I'm starting to see where my biggest fear is starting to take shape:  FINANCINGMy biggest concern it finding the right private lender without getting scammed before my first deal.  

Based off the information I gathered from the wholesale chapter, and looking at your numbers, the estimated repairs seems a bit low.