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.

I have done several full remodels of houses around 1,500 to 1,800 sf (new kitchen, new bathrooms, new flooring, new paint, new windows, new fixtures, new wiring) here in Kansas City and they were all over $40k+, so I have a feeling if your SOW is similar you will likely be over $30k.The only way to truly know is to put together at detailed list of each individual repair that needs to happen on the property.This is my boilerplate response to people for learning how to estimate rehab costs:#1 Read the Book on Estimating Rehab CostsJScott's 'The Book on Estimating Rehab Costs' is a great resource for new rehabbers to learn how to Estimate Repair Costs on 25 common rehab repairs.https://www.biggerpockets.com/store/the-complete-g...#2 Explore Lowes and Home Depot to Learn About Material PricingTake a tour through Lowes and Home Depot (or their websites) and look at finishes materials and fixtures that you will consider using in your rehab projects.

While we found no signs of failure in the septic system today, we were not able to run the usual amount of water through the system due to the low pressure and flow from fixtures today.

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.