The scope of that project was very similar and was $110,000, but he emphasized that there were multiple issues with that particular property.

I don't ever park my dumpster on the street but rather in the back however I can make it work- no issues to this point

I would certainly do the due diligence of having an inspector check out property before committing to anything to get a full scope of any issues needing to be addressed. 

The biggest issues with rehabbing older homes is getting them up to code and making sure you put enough $$$$ in the budget to do that.

Update time: All of my properties are in Connecticut.Triplex in New Britain- BRRRR complete and fully operational.a 2625 Rent Roll 100,000 acquisition 50,000 renovation, 140,000 refinance out 190,000 valuationDuplex in Manchester- BRRRR complete2500 Rent Roll 60,000 acquisition 60,000 renovation, 140,000 refinance out 190,000 valuation.Duplex in New Britain- Auction.com buy at the refinance stage.2475 rent roll  75,000 acquisition 20,000 renovation, looking to refinance out 110,000 for a 165,000 valuation (Refinance complete on 12/22/2016)Duplex in New Britain- bad foundation renovation done this month2600 rent roll 85,000 acquisition 30,000 renovation, looking to refinance out 120,000 for a 165,000 valuation in progressDuplex in Manchester- acquired from wholesaler half rented and in renovation1000 current rent roll77,000 acquisition: gutted second floor to correct all issues 30k in renovations to be done by 1/21/20172400 rent estimation 77,000 acquisition 40,000 renovation,looking to refinance out 120,000 for a 170,000 valuation in February, 2017Duplex in Manchester (Smurf house)- MLSTotal gut job: 70,000 buy.  

I cooled off since my first posts, and didn't issue that list of concessions.  

Issues like....How is the income split.Who's name goes on the property.Who pays for taxes, insurance, maintenance.

The issue for me is trying to make my house more open to match up with theirs.

I can't speak on how demo is done in certain states but from what I could tell you being a license contractor here in NY and you being in NJ which should not be much difference is do the following steps.1- have them demo and take everything plumbing and electric.2- the only scrap metal you should keep is copper, but also negotiate with the demo grew to reduce some cost if they want the copper, all other scrap metals are not word it.3- has for the electric, just have them leave you 2 plugs because that's all you need until you update all your electrical. mostly all power tools are cordless so I doubt you will blow a fuse and you don't need any light because you work will be done during the day.ALSO NOTE: do not have anybody mess/touch/remove with any electrical panel or any electrical box, leave that for a license electrician to do because thats a big safety issue that could bring a lawsuit if a non-license electrician gets any injury for attempting to do so.

.$800 + rents seem to have less issues.