I guess my questions are in how to calculate the cost of a rehab?

It will be self managed, I will be near the unit (less than 5 mins away) to clean and take care of any issues.My numbers:Approx Value of Home $240-280kCurrent monthly cost / $860 mo (mortg,ins,tax)Utilities / $250. mo (elec,gas,water,trash,internet)Cost to run as AirbnbApprox monthly cost with STR insurance ($250/mo?)

I purchased for 136k and seller paid my closing costs.

I don’t doubt that coaching is worth it to scale up quickly but might be good to do a lower cost options and buy a duplex or two at a minimum if you haven’t done so already.

Competition is high and operation cost is high .My property is in California, so wanted to get ideas from owners who were in my shoes.Any suggestions appreciated.Thanks.

Hi, we have equity in a duplex rental and I’m trying to figure out how we can use some of that cash to rehab another property.  

There is many unnecessary structures that have a lot of cost associated with them.

Basis is $130k, plus $50k HELOC (used to fund Home #2 rehab), and could sell for almost $300k, netting us let's say $110k.

I'm cautious about flips given the materials cost in Hawaii, but trying to manage it from the mainland where I currently live (though i'm considering moving to Hawaii to live in a multi-unit I may own).

With $15k toward closing costs, a buyer should be able to get a significant rate buy down and rate is a major pain point right now.