For example: You're sitting at the kitchen table of a motivated seller.

I have an extra 5k in my budget I was trying to save for profit as the kitchen was much cheaper than expected but I'd rather keep it unless I get a good roi on converting the heat.A friend of mine is an hvac guy and I'm waiting for the attorney to close so I can bring him to the house and see what he has to say as far as the price goes

Feet, and the type of fix (i.e $25 Sq. ft. for Kitchen/bath, paint, floors) ARV - $350.000Private $ - $280,000Private $ Fees - 7% - $9,800Fixing Costs - $55,000Holding - 3% - $10,500Closing - 3% - $10,500Realtor - 6% - $21,000Profit - 14% - $49,000Max Offer - $194,200That's what I use, my fixes are based on a general formula I perform my due diligence prior to making a real time offer but it's close enough to let me know if I should be interested or not.Mike

Purchase Price: $65,000Projected Repairs: $80,000Projected ARV: $225k - $240kRight now I am finalizing our budget numbers on this one but the scope of work needed on this is as follows:- New siding- New plumbing & electrical wiring- New Roof (30 year composition) - New Front Porch & Portico- Replace rotted wood on small addition for the hot water heater- New Site Built Cabinetry and Extensive Crown Molding trim & builts- Open the Dining, Living & Kitchen walls to one another (Open Concept)- Increase the Living Room ceiling height to 9.5 feet- Sand & Stain floors- Replace (1) window (Amazing enough ALL the windows are in STELLAR condition!)

Detail on the house....Purchase Price $54,000.00 :))3br 2bath 1371 sqft fenced yard the house was foreclosed on in 2013the original owner started a remodel in 2011in the original rehab the owner replaced the flooring in the bathrooms and kitchen with tile.

Satin  in hallways, kitchen basically anywhere you want to be able to wipe it down.  

Building1 needs ~$8K (carpet, paint, kitchen basics).

Then, she moved into a new apartment complex which had a separate bedroom and bathroom (deadbolt lock on her bedroom door for when she was out) for each student in a 3 bedroom/3 bath unit, with a common living room plus kitchen ... this plan was perfect for all; they could be all together or separate whenever they wanted, plus they were not arguing to get into one bathroom for date night, etc. 

Ours is set up as 16 individual furnished rooms with their own private baths.  8 rooms on each floor share a common fully equipped kitchen, TV area, sitting area, dining area and 2 laundry rooms on each end.

Then we went to turn on the water, and the lines had broken under the slab, with he design of the home to only way to fix this was to jackhammer up the slab, which before we were done resulted in a gutted kitchen and bathroom with 4 yards of new concrete needed.