What is the flooring material currently in these spaces?

So $85000 was basically materials to build the house?

Then getting a repair done for about $500 for roofing materials and labor.

With regards to your comment on other investors - There are several reasons why you may be outbid, here are a few: 1) the other investor is a licensed contractor who saves on repairs by using his own laborers and getting his discount on materials/supplies. etc 2) they could be real estate agents who act as their own buyer/seller agent, paying the commission side of things to themselves 3) some of them may be true cash buyers with no high interest loans to pay back 4) The other investor may not have the same investment strategy as you to BRRRR - they may just want to flip it for a quick profit. 

I think it's beneficial to understand the cost of materials in your market.

In your experience, does the scope of work only include the cost of materials or does it include labor?

Hi @Carmela Gonzales,Unfortunately it is not uncommon for the marketing materials to have lower expenses, no capex or even no management expenses (if the owner is self managing). 

A good 12k hyper heat runs about 2k with materials.

Neither of those reports found the piping material to be an issue and needing replacement. 

Plan on 5k for materials on a used 80s with soft floors and wall paneling.