For example, we've got our systems down to a science now where I know it'll cost us $35/sq ft for cosmetic repairs (this will definitely vary depending on location/materials/your crew, so don't use our specific numbers), then if we can tell the house will also need bigger fixes such as roof, windows, mechanical, electrical etc. we add that in as well and we can use that to work the numbers backwards to get to our offer price.

Tore out back wall to better integrate addition and create open floor plan, redoing all cosmetics and updating kitchen/bathrooms.

Complete cosmetic upgradeWhat was the outcome?

Cosmetic upgrade What was the outcome?

this multifamily is not full gut job, mainly cosmetics, paint, few windows, flooring, kitchen remodel, new bathroom vanity, toilet, etcalso i am not planning on selling this, will be a long term hold if that makes a difference ?

One of the office spaces needed new walls, ceiling, and flooring with a cosmetic redesign.

WE RENOVATED THE PROPERTY (COSMETIC) AND THEN FURNISHED IT PROPERLY FOR AIRBNB!

Any time I am flipping or renovating a property that requires anything more than patch and paint cosmetic type work I go in and meet with the building inspector or someone from their department before I start the job or even purchase the property.

This ain't rocket surgery. 

Start with the essentials and go from there, leaving cosmetic upgrades last, if at all.