In short explanation, once you know specific costs for specific line item tasks, divide the home up into sections (i.e. kitchen, bath, flooring, landscape, roof, HVAC, electrical, plumbing, doors/trims, windows, etc).

Well this is what I do.One, get an expired listing, knock on the door of the home seller, give a free report about lease to own, how lease to own works, why it helps them sell on terms versus for cash, how it helps them save money by not paying a real estate commission or closing costs.Two, follow up with these expired listings, many need to think about it for a month, if you follow up, you will eventually get sales.Three, when presenting to homes with no equity, you want to go through all your choices, so what I do is I present three columns, and basically talk about the cost to sell in the first column with an agent, which include, real estate commissions of 6%, closing costs that 2%, sellers concessions which can be 3 to 6%, vacancy costs which can be 4 to 6 months while an agent tries to sell a vacant house, and the seller still have to pay PITI, and lastly spruce up costs like paint, carpet, landscaping, etc. to compete with all the other $500,000 houses.

I currently own a small landscaping business and I'm looking to start wholesaling in upstate NY....Albany and surrounding areas.

The things that are left to do is to get a new HVAC installed, insulation, sheetrock, painting, flooring, landscaping, outside trim, cabinets, and other small stuffs such as installing a prefabricated bathroom tube and surround.  

I figure worst case scenario, we sell for above market since we've made these recent improvements (new carpet, paint, water heater, repairs furnace, landscaping, deck repair).

So in DC that could change at any moment, and in the next legislative session in Maryland next January we will likely see new legislation that will pass and change the current landscape. 

Here is what I have:PM - 12% ($168)R&M - 5% ($70)Vacancy - 15% ($210)Turnover expenses - 5% ($70)Capex - 2% ($28)I feel good about my other expenses (PITI, pest mgmt, landscaping), but having not been a landlord before, and so I am wondering if these are reasonable assumptions?

This property was a foreclosure and needed some repairs (roof, cosmetic, furnace, floors sanded and stained/urethane, & landscaping).

This included renovating and updating the kitchen and living room area, moving a bathroom to a new location, updating the basement (Added HVAC ducting throughout the basement), added a bar area, fixing the outdoor landscaping.

I had replied in the previous thread, but can say post-COVID the landscape has shifted somewhat significantly.Upsides:Increased amount of long-term rents and renters (I.e. lower property mgmt fees, less utility bills)Less and less of a shoulder season with more consistent yearly short-term renters.Downside:Rent increases, while higher, have not kept pace with increased sale prices.I’m an agent in town as well as an investor.