Not to mention you can’t expect a formula to generate an accurate rehab budget site unseen.

You may want to have a great insurance policy and budget wisely for repairs and maintenance.

If that is the case and you are budget conscious, don't worry about the rate of return. 

The reason I say this, if I just added $10,000 to my budget, I would never get a house.

Unfortunately the cost to remove the 6 dead trees ate into my landscaping budget a lot more than anticipated.

I have 29 leads I haven't even called back yet and 42 that I've made offers to, but am still following up on.So, you can keep struggling with your pretend wholesaling business or you can do a rehab... or 20 and make some money and then get into wholesaling when you have a marketing budget, negotiation skills, contract knowledge, estimating skills and finally appraisal skills.

So if we hated being landlords, or couldn't find renters, it was no big deal because we bought a house for our $280K budget. 

Also, depends on price point- you can buyer cheaper wood windows and paint them dark if you don't want to pay for the SDL. but of course you'll have all the issues that come with wood, but get the look on a budget :)

Here are my numbers:St Louis budget Repairs:Roof. 8,000Upstairs Kitchens. 2500 x 4 = 10,000(Cabinets 900)(Appliances 1100)(Counters fixtures 500)Bath 1000 x 4 = 4000(Toilet, vanity mirror faucet 500)(Shower pan, valve 500)Floors. 6000Drywall, Trim 4000Doors, locks, 1000Paint. 4000Lights. 1000Misc. 2000Total upstairs. 32,000Downstairs Baths. 4000Floors. 7000Drywall paint. 6000Windows, glass. 2000Accents, wood, etc. 2000Lights. 1000Misc. 2000Labor. 3000Total downstairs. 27,000Unexpected 10,000$77,000Purchase: $104,000Total investment: $181,000ARV: $220,000YearlyTaxes. 4000Insurance. 4000Property management 6000Vacancies 4000Maintenance 4000Mortgage. 10000Total expenses = $32,000Revenue 12 x 4000 = $48000Income = $18,000 per yearI feel there may be some more costs to come once I get into things but that’s ok.

If your new to investing and would like to learn or know more about how to analyze a flip budget a rehab and see how it is done.