So once you know it's vacant, to get an idea of the  return on your investment, you'll need a few pieces of data first including: the Fair Market Value, the estimated ARV (after repaired value) of the property, a rough estimate of how much repairs will cost, and you need to know market rent in case you can't sell the property right away.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing.

The property before the rehab was very likely a foreclosure, or run down.I was thinking today that the tax figure I used in my projections, which is around $750 per year (around 63 a month) (an estimate I pulled from zillow as an estimate, and what I actually ended up paying for the 2015 year when I closed) is based on  the old value of the property before it was rehabbed.

Make sure you add enough of a cushion into the repair estimate so that you will be covered if something unplanned occurs and you can give the end buyer a financial incentive to purchase from you.

If not, get a few more estimates. $1900 doesn't sound too bad, but there are a lot of variables. 

But I am going to get them over there to give me an estimate and get them started on that mess as quickly after closing as possible.I've also worked with a concrete company before and I think I have a decent idea on what they'll charge me to fix the crawlspace concrete.  

A total of 3,262,036 HELOCs with an estimated total balance of $158 billion that originated during the housing price bubble between 2005 and 2008 are still open and scheduled to reset between 2015 and 2018.

Hey all, I am still a fresh baby in the wholesaling so I could use some help here: Seller owes about 20k on the mortgage, home is estimated at 102k, Seller is asking 112k.

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.Download BP’s newest book here some good due diligence in Chapter 10.

I've estimated the rehab for more moderate priced homes but I suspect a luxury home is going to have a dynamically different rehab cost structure, and as I've stated I'm curious to know if there is a way to estimate a prototypical rehab number for a luxury home.To your continued success!