Purchase price is below $30K, renovations cost based on one contractor bid is $350-500K.- Best way to estimate the ARV.  

Here's some more context:Rehab cost about 30k.

VA assistants has dramatically reduced our work in the business and provided 24/7 monitoring for a fraction of the cost of local property management. 

Partner Driven financed the W 136th Ave deal using its own capital, covering the $180,000 purchase price and $37,413 in renovation costs.

This will usually be an excel sheet, or maybe something fancier, that will outline, item by item, everything that needs to be done, parsing out every item, labor, materials, etc. 

The input costs for operating a STR are a multiple of what they were even 5 years ago.  

I will definitely weigh things regarding the environmental risks and the insurance costs.

@Crystal Sherman you can try to wing everything you do, but you'll eventually find it is efficient due to time constraints and costly mistakes.So, you'll want to create efficient processes for everything.

Anyone who works remote or online or does low skill manual labor.

It has got very difficult to clean the carpets so replacing them every time a tenant leaves is no cost efficient either.