Hi Dan,Real estate is fast-paced game and you need to be able to submit your offers quickly and confidently without waiting around for an inspector or a contractor to walkthrough the property and give you an estimate.Contractors are extremely busy right now, and it often takes several days (or even up to a week) to get an estimate back.You obviously can't wait a week in order to make an offer on a property, so you really need to be able to put together an estimate yourself without a contractor so you can submit an offer and get the property under contract before your competition.Unfortunately, if you don't have any experience with construction costs it can be nearly impossible to confidently put together an estimate, so here is the process I recommend for learning the process of estimating rehab costs:#1 Read 'The Book on Estimating Rehab Costs'First, you need to build a foundational knowledge of construction, inspecting properties and putting together a detailed SOW.JScott's 'The Book on Estimating Rehab Costs' is a great resource for new rehabbers to learn how to Estimate Repair Costs on 25 common rehab repairs.https://www.biggerpockets.com/store/the-complete-g...#2 Explore Lowes and Home Depot to Learn About Material PricingTake a tour through Lowes and Home Depot (or their websites) and look at finishes materials and fixtures that you will consider using in your rehab projects.

@Justin Heacock this is all too common and it is NOT something that just popped up "because of covid".  

@Michael CoteIf the property is owned as tenants in common(TIC), the rental activity would be reported on each taxpayer's return based on their interest in the TIC.

Even the local police called me to confirm I wasn't scamming this person. 

So I have rooming in my home can I put a camera in the common area of my home?

Two of the common areas of concern for HELOCs I see out there is the 10 year maturity date and the adjustable rate.

Is it a common practice for the property mgr to NOT be in attendance when a loan appraiser does a walk-through of a rented property?

Another good thing about this market is you don't have to deal with frozen pipes that burst, a common issue in colder markets!

Some other costs you need to consider which are commonly missed from turnkey proformas - turnover/rent ready costs, "hidden" property manager costs, closing costs, and lawn care/utilities/pest control/hazard insurance (if applicable).

@Nate Lee In a normal real estate market or even a buyer's market, FHA loans (203b & 203k) are very commonly accepted.