The book was a mess. I

Carpet, appliances (that plug in to the wall) will be 5 years.   

If the rent you charge a tenant is way out of whack with comparable units, you can get into some messy situations with your tenants. 

We were the highest and best.The home needs a shower install completed, carpet in upstairs, massive wallpaper removal, total paint job, kitchen appliances, and small cosmetic updates throughout like door knobs, fixtures, backsplash in kitchen, possibly new vanity tops.Foreclosed Amount: 184kBank List: 152kOffer Accepted: 156kClosing Costs: 3k - Financed Deal (20% down, 5.25% interest only)Rehab: 15k (Conservative - 10k most likely)Holding: 4k (6 Months on the safe side, most likely 3-4)ARV: 210-220k (Conservative)Hoping for a flat fee MLS list with 3% to buyers agent.

They put some carpet in the upstairs bedroom and put in a handrail.

It's in move-in ready condition but I'd prob replace the carpet in the bedrooms and do some upgrades in the kitchen at some point.I plan to live there for a year to take advantage of my VA loan (no money down, 4.4%) and then rent it out.

This will help you get a better idea of what tile, hardwood, carpet, plumbing fixtures and light fixtures costs for your rehabs.#3 Contact Local Contractors for PricingCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.

Paint and some bedroom carpet.

Carpet took 2 weeks... what I thought would take a month took 4.

He left 2 small stains on brand new carpets I had installed.