The quote includes parts and labor.  

Installing tile, unless it's purely an expectation of the market, will most likely not increase your return.The expense of tile is not in the materials so much as it is in the labor assuming a reasonable material selection.

Originally posted by @Joe Nagle:Yup that's 100% accurate.

Best,Joe

Of course, you have to also account for all the labor that is put in to ensure that Chris' property had a paying tenant before he even closed (actually with a higher rent than anticipated, tacking on anther 1.3% to his ROI), including utilities costs, marketing expenses, hiring a photographer, admin costs, and allllll those work hours.

I purchased my first rental property in 2016 and spent ~$15K on material/labor to fix up the property prior to renting.

The lender I used was Aaron Chapman with SNMC, our clients have also had success with Joe McBreen with Guaranteed rate.

When you invest in Apple or Amazon with your IRA, you do not get to write software or otherwise provide services to one of those companies and have the benefits of your labor accrue to your IRA, do you? 

It will be around $40,000 in labor and $40-50,000 in materials. 

.— (a) There shall be exempt from forced sale under process of any court, and no judgment, decree or execution shall be a lien thereon, except for the payment of taxes and assessments thereon, obligations contracted for the purchase, improvement or repair thereof, or obligations contracted for house, field or other labor performed on the realty, the following property owned by a natural person: (1) a homestead, if located outside a municipality, to the extent of one hundred sixty acres of contiguous land and improvements thereon, which shall not be reduced without the owner’s consent by reason of subsequent inclusion in a municipality; or if located within a municipality, to the extent of one-half acre of contiguous land, upon which the exemption shall be limited to the residence of the owner or the owner’s family;Florida statutes provides:(1)(a) A person who, on January 1, has the legal title or beneficial title in equity to real property in this state and who in good faith makes the property his or her permanent residence or the permanent residence of another or others legally or naturally dependent upon him or her, is entitled to an exemption from all taxation, except for assessments for special benefits, up to the assessed valuation of $25,000 on the residence and contiguous real property, as defined in s. 6, Art.