We are now one week into the rehab as I type this.Current BRRR Numbers:Pre-closing Costs: $2,740Plumbing inspection (because the house needed to be dewinterized, $150)Home inspection ($525)Appraisal ($655)Electrical inspection (because power was off on the day of the appraisal, $150)CO and Smoke Alarm ($366.57)CO and Smoke inspection ($52.50)Rehab consultant ($840)Kitchen Appliances: $2,000 (estimated)Plumbing: $7,300 (estimated)Oil tank ($1,800)Water heater ($1,000)Chimney liner ($2,000)Re-piping as needed ($2,500)General Contractor: $32,000Roof replacementDrywall patching and painting of entire house (trim, wall, ceilings)2nd floor bathroom spruce-upClosing exterior door in master bedroom and finish sidingBuilding two closets in two bedroomsBroken window repairsWindow frame repairsScrape and paint area over bulkheadFinish floorsRemove and dispose drywall from basement spacesRear deck repairFront steps repairInstall handrail to basementFoundation masonry repair and paintingRepair cement stepPatch area of exterior trim near kitchenPatch two rotted window sillsCap extra basement doorFill in dining room windowAsbestos: $1,500Electrical: $2,000 (estimated)Closing Costs: $3,733Home Purchase Price: $149,000Total All In: $200,472Expected ARV = $250,000 (initial appraisal for rehab loan came in at $235,000)Amount I have invested in the deal = $50,000Expected Cash Out at 80% = $50,000The situation is still very fluid, as we still have at least three more weeks of the rehab in front of us, but the numbers thus far are still looking promising, despite all of the surprises.

@Gerard Leeson - It is going to be tight, but the money should be spent on kitchens, baths, paint, flooring. 

Found this small 1500sqft warehouse with 12' clear-height doors, open floor plan, open rafters and unique feel.

We dont plan on moving any walls or anything big... we do plan on tile work, countertops, lighting/fixture/hardware replacements, taking out old carpeting and replacing with LVP (vinyl plank flooring), replacement of old appliances wtih new stainless plus a moderate master bath remodel (take out old fiberglass tub/shower and make that area pop with new shower w tile and sitting tub.

I recently had a leak in my water line on the second floor and had to have some work done on my living room ceiling.

@Anna Evoundi hi I will be living on the first floor rent the second it’s a multi family

I was hoping to get some professional opinions on the following renovations: Staircase (3 apartments), kitchen cabinets, floor, boilers, a single siding beam that is completely misplaced. ( New Heven, CT)Shahar Joseph

My capex budget includes but not limited to: roof 25 year life span, floors normally 10 years but tile will be 20 or 25 years, appliances and hot water heater 12 years, hvac 20 years, bath and kitchen remodel 20 years, etc.

While each floor is ~1200 sqft, it will be a challenge (though not impossible) to reconfigure the building to four units ... though you might be able to segregate the ell from the remainder of the building and turn it into a multi-floor unit.You will need a building permit to renovate that building whether you reconfigure for four units or retain it at three.  

The property is selling at $194,000 4 Bedroom, 2 Bathroom Duplex with two car garages on the bottom floor, a nice deck per unit, and dated interiors (built in 1995).