Look at your comps and stay in that range of renovation unless you can outdo your competition without breaking the bank.2.

Would likely start with something in the $100-200k range (LOC ready to go) and I'm assuming a smaller detached house is the way to go? 

Chris - I think typically you won't take a "hit" on your credit for multiple pulls if they occur within a similar time range.

Originally posted by @Gabriel Miritello:The Home is in Savannah, GaI am an electric and plumbing contractor in Florida, shouldn't be a huge price difference from my area to GA.our pricing is 248/dropso count every (Light switch, outlet and fixture (lights etc) ) and multiply that by 248so #of drops X $248 = total for rewirethen add about $5,000 for the panel and that will give you a pretty good idea where you should stand, after that give or take $1500 and that'll give you a range!

Heather,Following what Jason Bott explained and looking at the numbers you gave, I would estimate that the depreciation is somewhere in the 70% range ($100k depreciated value vs $340,000 Replacment).  

The repair guy came outside of the time range he gave me - I think he said monday, one day job and he came back on Tuesday to finish.

IRAC (the regulatory board) sets the allowable annual increases, which typically range from 1-3%.

Those are in AL and MI. as for additional charges, in PA depending on the county you have to pay a sheriff poundage fee which ranges from two to 4% plus any transfer taxes. 

I would ask your realtor about average days on the market for that particular area, price range, and what you are looking at.

In small smaller “slower” lower growth towns outside metro areas, you might see 7% cap rates.In my local market, Greenville SC which is booming but certainly a tertiary market, cap rates are in the 5% range.