They said if there are major issues they recommend the owner hire a house inspector to gauge a repair estimate.

I am trying to understand the numbers a bit better and I do better by plugging in formulas and seeing the numbers change.I am especially interested in: -the layout of your pro forma-the percentage you estimate in vacancy, repair/maint., cap ex, misc-rough estimate for utilities etcI know every market is different but thats why I am asking.

We estimate that the remodel will be $230,000 because of the high-end finish, and the transformation from a 1,200 SQFT home into a 2500 SQFT home.

I haven't had a chance to go there yet but I hear great things about that area too.

I know it isn’t 100% accurate, but I’m able to enter the address and then check current available rentals as well as see estimates.

I want to thank this group for all the support, guidance, and the sharing of their experience.Calvin:Is the Vendor's agent a residential real estate agent by chance?  

However, once a GC dug deeper for a bid, discovered stucco issues made worse by lead paint, potential roof issues, electrical upgrades needed to at least the panel and connection from street, and added the cost of plaster and lathe demo as opposed to drywall, the rehab estimate came out to $85-90k.

That being said, ADR * Occupancy Rate is the quickest way to get an estimated GOI (gross operating income) from which most of your other expected cash flow and accounting calculations are going to flow from.I was going to tell you about a guy I read about that was creating an app for something similar to what you are talking about, only to find that was you

We’ve estimated $9,000 in costs for this and are hiring ServPro.

I will need to review my estimates for electrical, plumbing and HVAC work.