Those three conversions, along with a 10k contingency accounts for about 65k of that 140k (along with manual labor from me and buddies to remove the stucco). 

I have a labor backroad , but not enough to know the ins and outs of construction.

While on a little getaway over the Labor Day weekend we found out that our offer was accepted on an exciting property in Edina MN.

I'd also agree with @Joe Bertolino that the area is pretty far north Sac and there aren't a ton of job opportunities.

We used to do all of the unskilled labor, plus a few skilled things, ourselves.  

You put it in the ground and let grow – and you have no idea what’s happening beneath.Have faith.Proverbs 14:23 says “In all labor there is profit, But talk of the lips leads only to poverty.”Ashley and I door-knocked and road foreclosures in two counties for two years solid before we found our first house deal.After that first deal, things just took off.

The cost may or may not be high, depending on the cost of labor in your area and the finishes being put in.

Joe, you're right- I guess I answered my own question there!

Buy with seller-financing if possible, with your labor as the DP.  

At the bottom of the quote he wrote "LABOR ONLY".