If you want to wholesale and learn about rehab costs and acquisition, find the best wholesaler in your area, who is reputable (hard to find), and see what you can do for them.Don't try to do it on your own.

Doing your own general construction for a rehab project can have several advantages but can be very costly attempting  without having knowledge and experience.1.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

If you went with the 'delayed financing' then you could recoup even more than 75% of the initial purchase price along with some rehab funds if that is something you are looking to do with the property.If you go cash on both the purchase and the rehab, then you could go with a refinance either on the unseasoned cost.

My yearly cost to run my STR is $30k and I've been bringing in $100k for the last 2 years.

You also have to consider your holding costs - you are paying HOA fees, insurance, and property taxes.

The assets are old, need work constantly, the cost of living is high, and there is no job growth.I wouldn't solely focus on cash flow.

I'm looking for estimates on development costs so I can do a rough financial analysis.  

Rent costs are nearing 2019 levels.

Airdna has years' worth of actual data, so there's a reason it's costs a bit.