Better yet have a few contractors give you estimates.Or you could buy j scott's book on estimating rehab costs.The main thing is to know what you need done to the property, what rooms, etc and have the contractor give you an estimate.Pricing is all over the place and will vary by contractor.One good rule of thumb I heard brandon say in a podcast was to double your repair estimate and if you still do ok then it's a good buy. 

The less time moderators have to spend moving posts to different categories the more time we have to answer posts.

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Reports vary about specific timing and to what degree, but a gradual cooling of the market is anticipated sometime this year and through 2016."

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The Northeast doesn't normally fall in that category.  

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The houses around are generally occupied by local residents and are worth a varying range of $60k-$300k (houses on the lake are obviously the higher end)Our options are:#1.

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