The main house is completed and as far as labor, I spent $40,000 on just labor and that includes everything from full gut demo to finishes.We are talking about a 4BD, 3BTH two story 2400 ft.² home with a bonus room.This was a full gut job, replaced…12 Windows (new construction)2 sliding doorsTook out all carpet throughout.Took out this ugly 2” thick tile from half of the downstairs portion.Removed popcorn throughout the entire houseTook one wall downA little framing workReplaced entry door 80” x 92”Drywall patchingSmooth drywall work50 recessed lightingAll electrical neededAll plumbing neededNew cement walkway instead of one walk to the front door I created two steps with two lights in each step.Install kitchen cabinets, excluding countertopInstall all three vanities3 bathtubs with one being a modern standalone tub in the masterAll tile work (bathroom wall & floor, kitchen backsplash)Installing of all hardware, faucets, showerheads, etcInstalled 8 single panel doors with hardwareAdding self-leveler after tearing out that thick tileNew LVP flooring throughout the entire house except bathrooms,all baseboards, trimsPainting the entire house, painting all the doors, painting the outside trim.Reframing the outside balconyReframing the fireplace to install new linear modern electrical fireplaceand they took care of the two trash bins.I mean, completely redone.The only thing that was not included in the $40,000 is landscaping, counter top cut and install and of course the ADU which I’m currently working on now.So my question for my fellow investors and contractors did I pay too much?

And that, is the hot potato no politician is willing to give any light to. 

Maybe @Travis Biziorek can shed some light on the Detroit market for you.

So as far as I am concerned, I can only speak to the rehab part, it is a little off or light, also it may be that I come from commercial/government construction sector, so that might affect my opinion.

I also agree with about the photos, you need to hire a professional, you don't even have lights on in many of the photos, it looks dark and dreary, plus the dead grass...

I would definitely be calling Airbnb on that for sure.I brought up a recent bad experience with some NFL players lighting off fireworks and setting the house and their car on fire and then blaming it on the neighbors even though we have a ring doorbell there (+ neighbors ring doorbells!).

Couple that with an interest-only note to lighten the immediate-term financial burden of the investment, we are really looking at an interesting long-term phenomenon.Now if we are to layer in a light "face-lift" into the equation, we could walk into 10-20%+ equity out of the gate.

Felonies are not handed out lightly and pig-piling on the risk with this couple has 'hell no' written all over it.  

I'd reccomend you start with a more turnkey or light value add deal until you find a trustworthy contractor.

HelloDo you have any general price per square foot (or other measures) that you use for general light work?