Purchase price: $365,000 Cash invested: $75,000 Purchased this 5 unit off of a wholesaler for $365,000 the exterior was very rough (see attached) but the interior was in good shape.

As long as the HOA allows them, they are super convenient because then you don't have to worry about exterior maintenance or snow removal, plus there's normally a manager around to deal with emergencies. 

We had 66 studios and 22 studios with a loft.In our case, each of the hotel units had a kitchen so we were able to use that layout without major modifications.Purchase and construction of all the exteriors and interiors was about $6mm and we sold for $12mm.

Originally posted by @Bryant Brislin:@Patrick Johnson we mostly just need boots on the ground for pictures, and we usually pay a flat fee of $40 for about 30 pictures and maybe a short video of the house.Yes, for my purposes that's what I normally need them for as well, just photos and videos of the property exterior elevations and interior elements.

Added significant amount of curb appeal by painting exterior and cleaning up the yard.

The exterior had 2 condemned buildings that we also removed.

You should not be using someone else's prices (or Kukun's algorithm), you should be using your own prices from your local contractors and using the specific material selections you picked for your project.Here's an example of how bad some of the data is in Kukun and why it's not practical for investors that are wanting to create accurate estimates for their projects:I added "Exterior Doors" to my project, and I was told that 4 single doors and 1 double door is $59,352 in Kansas City, MO which is 20x what I would actually pay as an investor.I believe the above was a bug, but nonetheless there was no way for me to fix this issue or understand why or how it was calculating this value.In summary, you don't need a fancy algorithm to tell you what something costs, you just need to know basic math and have a general understanding of how much materials cost and what contractors charge for specific repairs.For example, if I have 5 exterior doors I need replaced (4 single entry doors, 1 french patio) this is how I would estimate the costs:- Single exterior door labor 4 x $250/each = $1,000- Single door material 4 x $300/each = $1,200- French patio door labor 1 x $400/each = $400- French patio door material 1 x $750/each = $750Total = $3,350Add 25% profit for your contractor and the quote should be around $5k for 5 doors.Finding material costs is as simple as exploring Home Depot's or Lowes' websites and researching material costs.  

Ask them the same questions above....anyone moving, any vacant homes, etc.Make sure when you are out people know you are a real estate agent, magnetic sign on the car, Yellow Vest with REALTOR at WORK on the back.Go to networking groups for your school, your kids school, your church, your sorority, your kids activities, your spouses activities, all your interests.

An entire exterior wall is gone for five stories exposing all of the interiors of those units completely. 

@Aaron K.I’m purchasing an investment property and looking to rehab some of the interior, possibly the exterior.