Homewyse.com is a pretty handy website to estimate labor and material costs.

How would i estimate these costs into the repair estimate.

I have a wealth of experience in designing, building, rehab and estimating but know very little about the real estate business itself.

Must know age of tower to estimate cap ex

Actual ExpensesWater$75.00Trash$60.00Heat/Gas$361.00Sewer$60.00Insurance$150.00Snow/Lawn$100.00Taxes$200.00 Estimated Expenses Vacancy$210.00Management$200.00Maint$210.00CapEx$210.00Total Expenses$1,836.00Rents$2,100.00Monthly Cash$264.00Yearly$3,168.00You may have noticed that there is no figure for financing or mortgage expenses.  

My experience is that most of the people that have accumulated really large sums of money are pretty risk averse and cautious about their investments.  

The estimated rent is $2,200. 

We want calculate or best estimate performane on a property.

Upon further analyzation of the property and the comparables, I determined that the ARV was closer to $81,000, the rehab costs came to about $62,000 (very rough estimate), and similar properties have been appreciating at about 3% a year since 2012.

I'm so excited to learn and accumulate all of the knowledge and resources available on the site!