Less expensive materials, but more expensive to install the ductwork.

Additionally, if anyone has any must reads or must see learning material please leave links or information. 

Anything that can help me get involved with hands-on experience I'll donate my time.I can also design and build websites, marketing materials etc (I'm a full-time professional designer and web-developer).If you are in the Houston area and have an opportunity for me to learn and give you a helping hand, please reach out!

He told me material would cost $1200 and and labor would be $5000.

I hope it will materialize.

These items that are available to you and GC are very very helpful to make sure all are on the same page.You will want to include:- Term of Coverage Needed (Start and End Date)- Construction Material (Wood Frame vs Steel Frame example)- Occupancy of Building- Stories Above and Below Grade- Sqft of BuildingQuick Thoughts that should be helpful:- Start of a Builders Risk Policy: You typically want to start a builders risk when you are mobilizing or when you have materials at site, whichever start first.- Do you want Earth Movement, Flood or Named Windstorm Coverage, what sublimit will you be looking for if so.- Do you want Delay in Opening Coverage?

I know it may come out to the same amount of material costs since it is averaged about $3 sqft in my area, but I would assume labor would be much cheaper since it is installed similar to the way laminate flooring would be.On another note, should this be a material I consider when I start to build my portfolio of rental properties?

My hope is to gain some insight into local materials/labor pricing,  unique rehab challenges in older homes, and possibly see analysis for some of the creative value add strategy talked about on the podcast these days. 

@Ashley Herring, I would contact your local board and ask for sure, but in Colorado, the Real Estate Commission rules require you make it obvious, on any promo or advertising materials, who the broker is, in addition to you (as agent, or licensee), who can also be on the mailpiece, e.g., ReMax Advantage, Ashley Herring, Associate Broker, then your contact info.Beyond that, to avoid commission rules concerning an infraction called, "Sign Crossing," (a rule in Colorado) you should have a disclosure printed on the mailpiece that resembles the following:  "If your property is currently listed, please disregard this advertisement."

If the property is not in move-in condition and has safety hazards like hanging wires, ripped up floorboards, ripped up drywall, leaks in the roof, anything that could cause a health concern to the person living in the house… Then you will be able to close it with the standard FHA or conventional loan… in that case you would need to look at your renovation loan optionsPossibilities include :FHA 203K for primary residence with as little as 3.5% down of the total need (acquisition + rehab costs) Fannie Mae homestyle renovation loan (5% down) 100% fix n flip loan - that gives you the money for the acquisition In all the money for the renovation both labor and materials (The only caveat to this one, is that the maximum LTV is 65% of the ARV for first time investor, 70% for an experienced investor) ARV = after repair value If looking at buying a multi family property, like a four unit, if it’s the primary residence, go with an FHA 3.5% of total purchase… unless you have 20% then Go conventional.