Ask yourself if you can absorb 2 months of vacancy or foot the bill on replacing/renovating the home if you install a tenant that trashes the place. 

@Matthew Tang - 6 foot bed I've found to work great for my needs. 

Their inventory includes thousands of properties and HUD management has never actually set foot in one. 

If the property is new construction that has passed all inspections, you can probably get away with $0 per square foot.If it's a property made out of asbestos and lead that needs to be torn down and you plan to use artisan contractors to rebuild a complex structure with high-end exotic construction materials, you could be looking at $1000 per square foot.So, I'd say somewhere between $0 and $1000 per square foot, depending on a whole bunch of details you haven't made clear.

Im Dealing with a home that is actually a full rehab and the square foot of the property is quite small.

The margins are a bit tighter here than other markets as the price per square foot is so reasonable and affordable, so make sure you buy at a great price!

The remodel included the following labor and materials included:1300 sqft addition to an existing 1700 sqft homeA new roof was installed2 4 ton ac units with furnace were installedA complete home repipe with copper and a new tankless water heater installed80 recessed lights installed, 75 new outlets, 25 new dimmers2800 sqft of enginerred wood floor installed along with new baseboard 4 complete bathroom remodels from a-zComplete kitchen remodel with 22 cabinets, quartz counters with a waterfall island and full backsplash quartz wallsNew garage door, along with a new driveway, and fence installedComplete exterior landscape with over 100 plants and 10 olive trees installedRaise an existing 8 foot ceiling to 12 feet in the living room25 vinyl windows installed with moldings4 new closets installed15 interior doors installed 3 patio sliding doorsBuild a 150 sqft deck outsideMarble fire place with custom mantel Demo and disposal of all project materials 250 sheets of drywall hung, sanded, textured, and complete interior painting$5000 worth of new appliances$7000 worth of cameras, speakers, smart home featuresNew stucco to exterior of home, plus siding$15,000 worth of permits, plans, site plans, city fees

Purchase price: $175,000 Cash invested: $30,000 I bought and fixed up a five-thousand square foot ranch house in northern Spokane.

Obviously there are different ways to analyze deals, one way I have seen, and makes a lot of sense to me, is to compare price per square foot, as a way to standardize numbers, since comps always have some variations.Since you don't like this method, what would you suggest?

Of course, I wouldn’t mind skipping it and just buying from wholesalers, I need to get my foot in the door somehow, and it seems like this might be the best way especially considering my available funds.