A kitchen and or bathroom remodel is going to be much more expensive than a bedroom remodel.Using a Cost per SF can be a handy quick rule of thumb for estimating rehab costs, but only if you understand the Scope of Work, repairs, materials, level of finishes, etc that are included.Shawn does very high-end luxury rehabs in Los Angeles (correct me if I'm wrong), so his $ per SF values are substantially higher than what I am paying for my average grade rehabs here in suburban KC. 

I have attached a report of a property near us using the BRRRR calc and it seems like a pretty great deal, but I am not certain that I am using the calculator correctly.

When someone asks if the we take Section 8 the correct answer is that we "take in to account all sources of income however the unit has not been inspected to be included with the Section 8 program". 

In California you must buy smart and be sure of your entrance and exit strategies, but if done correctly, California real estate will make you very wealthy.

It can take a month or 2 to be approved so there is some lost rent but generally the stability offsets this.I also want to correct some things someone else said:"of course, a class you'll need to take." - I never had to take a class as this is not required.The annual inspections ding things like: peeling paint, windows won't open, leaks, etc.

You can buy Quit Claim paperwork from an office store and fill it out yourself if you feel comfortable getting all the information correct like lot identifiers and such.

@Nancy Bachety is correct, if you don’t want to answer a few questions and handle things yourself you’ll likely lose money.

So if they have $10 million, while they could invest in the stock market at 12% (which, correct me someone if I’m wrong, but pretty sure they are not allowed to make that type of investment with deposits).

so you own the property in an LLC free and clear and you are wanting to refi cash out is this correct?

If the improvements you mentioned are correct, raise rents and extra parking, then it looks pretty decent to me.