Construction Quality is key, there are some that are really basic, minimum code spec, and others that are quite high end, where it was built, on site or in a building and moved is not as important as materials and practices.

I’m fresh into real estate flipping about a year into it. 3rd project in and as I’m still learning, I get a lot of mixed reviews about material cost, and labor costs so I figured I’ll come on here and ask for some opinions.NOTE:I was told by an old-school investor that what I paid for labor was way too much.

Specific violations are as at 5/23/24:Violation 1: Harzardous/Insanitary PREM : Narrative/ Ordinance Description: Remove all burned an unsanitary material on the property.

At this point, the work (labor + material) is likely tracking at $15 or less per sq ft.  

The cost of labor and materials now is insane.The type of work on my custom house is about 400 a foot.

I had some problems with my General Contractor so I ended up buying my own materials on a great discount and have an out of state contractor who is a great family friend that I  will hire to do most of the work for me.

All of the BiggerPockets podcasts are great supplemental learning material.

Are those just for labor or also assuming material expense, as well?

We have a SFH in Pflugerville TX (just north of Austin) and most of the leads we see are 1-2 bedroom folks (ours is listed 3bed at $3200/mo).The leads we get from people that want a SFH never materialize.  

Also spell out as much detail as possible in your scope of work with the contractor, you cannot assume that they are thinking the same thing as you when it comes to finishes and material choices.