The video provides a range of light, average and heavy rehabs as a quick rule of thumb to calculate rehab costs.  

The sellers had already engaged a debt financier interested in providing about 80% of the proceeds ($7.2M), but this was far from a green light.

This will help you get a better idea of what tile, hardwood, carpet, plumbing fixtures and light fixtures costs for your rehabs.#3 Contact Local Contractors for Labor PricingCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.

This decision will not come lightly, but we need to supplement or fix our payment process without increasing our monthly operating expenses.We also need options with credentials.Does anyone else struggle with this?

If the deal still works at the worst rate possible, it's a green light. 

So happy to hear you found what lights you up!

There are a ton of considerations for this option that are beyond the scope of a simple online post, but I will say tread lightly and really think about this option. 

Example, new light fixtures and new sink faucets, vanities, and toilets.

Make sure if you see anything that is a tenant repair (light bulbs, holes in back of door knobs, light or outlet covers missing, missing shelving in refrigerators, etc,) you send a written letter to the tenant and also the section 8 case manager detailing what the tenant is responsible to do within 30 days of compliance.  

I noticed that my titanium wedding band left a line on the apron front of one sink with only a light brush across the surface.