If I don't have a contractor or someone with experience with the rehab, I try to give a best guess based on the following formula.Square footage of the house * Rehab Factor (e.g. 5-12 depending on the severity of the rehab).ex. 2000 square foot house that just needs cosmetic (paint, carpet/flooring etc) would be a 5 rehab factor so I would estimate2000 * 5 = $10Ksame house with repair work and updating2000 * 12 = $24K

Converting some of the downstairs into a master bedroom with walk in closet and ensuite, 50 % new roof, new floors throughout, paint, finishing a sunroom, refinished kitchen and baths.ARV: $189,000 1)In looking at the pics, you really need to have a good general contractor take a look at the sub-floor structures as it look like it suffered from severe water damage. 2) If you have not already, you should budget new engineered flooring because even if some of it is salvageable, you're not going to be able to match it up. 3) Going to convert downstairs space into a master?

On the silly end, I have Enjoy Suduko, WinPoker (a video poker training program), and recently found Nyan Cat lost in space which is a totally stupid but fun time waster.

I am trying to figure on costs of rehab as well as what to offer on home - ( I would reside in Home there after as owner occupant ) it needs the following from what i can see.. x2 for two floors/ apts- 43 replacement windows- 43 Square of Roof- a Rather Large Tree Limbs Hanging over roof cut- 4 Exterior Doors with storm doors- 6 Exterior doors with no storm doors- Raise Porch Rails to code ( another ft or so ) Porch in front is 50 ft & rear Porches 30 ft- Fix Front wooden stairs @ 5-6 ft wide- Fix Water entering basement thru Bull Ked ( add a drain or pour concrete )- Pour Concrete in Three car garage floor ( is dirt now )- Needs Heating & Hot water, and baseboard heat up two floors ( two new furnaces and FHW baseboard brought up two stories )- Electrical service upgrade from 60 amps old knob and tub to breakers and also bring up two floors adding new elec service in whole building adding plugs in all rooms plus washer and dryer hookups - 2 Panels, and move it to outside from basement..- New sub floors in Kitchens where needed , and then Linoleum floors in kitchen- Total Cleanout 3-4 Roll Off Dumpsters for left behind junk- Linoleum in pantry 4x8- 2 Bathrooms - Needs new linoleum and 1 needs Sub floor- Bathroom walls - rip off old plastic tile in one and make drywall and paint - Ba 2 Needs Rip off wall paper and skim and paint2 - Living room Kitchen & (2) Dining Room and 3 (6)Bed rooms Refinish Hardwood floors on ea floor so x22- Living rooms, kitchen and dining rooms, remove wall paper and skim coat, and paint all walls and ceilings2 - Living Rooms and windows remove all trim and replace with new and paint ( lead Paint )2 - Repair Bathroom Ceilings and Pantry Ceilings and then paint6 Bedrooms Fix Drywall, paint walls and ceilings2 Bathrooms install bathtub wall panels2 - Install Kitchen Cabinets , and countertops, and Sink in both pantrys2- Install Dishwashers including pipe, drains and elec in two pantries2 - Over stove - More cabinets in Kitchen @ 6 ft top and bottom with countertops2 Install washer and dryer hookups after bringing power to locationApprox 150-200 ft of Asbestos removal in basementalso what is the lead time to do all this..?

Properties that are uninsured generally need quite a bit of work, but you will find some that don't and are listed as such because the inspector found a weak spot in the floor (which they classify as a structural problem) which is usually a pretty cheap fix.

This house is a rental of his that he's getting rid of for whatever reason.Listed on CL for 44.After brief txting/emailing, not looking at it yet, he came down to 34k.After looking at house and same block tax rolls, BUT NO REAL COMPS YET, looks prob 70 ish ARV.Interior floors are unbelievably uneven, cracks everywhere, etc.

Maybe when its time to replace the studs (if they ever need replacing) you could also frame in a shelf (if it would be practical given your space) so that it wouldn't need to be addressed again.

Many investors wrongfully assume ARV means paint and flooring, but it also means brings HVAC/mechanical, plumbing, and electrical up to current standards.

I am not a plumber or a flooring guy and I dont want to pay a ton to have it redone.

I'm looking to purchase my first investment property now - hopefully a mixed use building which will have my office on the ground floor and rental units on the top.I'm so glad I found this board - can't believe I never saw it before.