I've got a quote of $250 for labor, have materials priced out, and the carpet guy budgeted in.

Not sure what your budget is or the desired location but you will need to be flexible.

When I run a repair budget it usually comes out at least $50 per unit.

It requires careful research and consideration of all factors involved, including location, budget, and desired features.

With that structure, I always spend more than expected but that is because the cost of materials goes up, or I end up selecting materials that were not originally in budget.

Here's the context:PP: $650kRehab Cost: $175kLoan Amount: $678,300ARV: $969kI am on hard money for the purchase + the rehab budget, but will likely have enough cash to cover the rehab so I don't actually need to use the rehab budget.

Budget for expenses, there are always unknown things that pop up.

hopefully they take the hint and start looking for a new place that is more suited to their current budget.

It's great for people with low level understanding of money, budgeting, and how leveraging ASSETS builds wealth.

Despite periods of non-existent cashflow and tight budgeting, we eeked out a 9% return to our investors.