The property is in distress due to the living there and we have thousands of dollars from mold estimate just to remedy which doesnt include the thousands it will take to refix the things they throw out and cut.

Any and everything - I am very open to learning what rules and estimates you like to adhere to - of course everything is subjective and is deal by deal” but would love to hear it.

@Allen McGlashing my plan for the units is:New Construction Cost = $600KFurniture and interiors = $35KTotal outlay = $635K and will finance with a lender @ ~30% DPHave it on STR - use local PM company - estimating around 35% feeI expect NOI = ~$25K - see sheet belowMy question is - market wise does this make sense - in the current market do we have any better opportunity?

The property info is correct, however the loan data is estimated so if my estimates look off please let me know.

It is used to estimate the investor's potential return on their investment in the real estate market."

On my recent purchase they lent 75% of the rehab costs and did an ARV appraisal to estimate value after it was completed.

As an investor, what gets my attention is a property that I didn't know about being available at a good price with remotely accurate rehab estimates and ARVs.  

He has a 20th anniversary edition out now.The Book on FLipping Houses by J ScottThe Book on Estimating Rehab Costs by J ScottBuy, Rehab, Rent, Refi, Repeat (BRRRR) by David GreeneAll of these are available at the BP bookstore, Amazon, or any of the arger bookstoresAlso, if there is a local Real Estate Investors Association group around you, join it when it is safe to go to large group meetings. 

Some numbers for the house:PP: $165K10% down + closing costs: $22K (Conventional mortgage for the remaining $148K)Rehab estimate: $30KARV: $220-$230KMortgage/Taxes/Interest: $1K Rent estimate (3BD/2BA): $2,100Some of our mistakes and obstacles along the way:Our handyman was truly terrible.

I’m finding very hard to estimate all the rehab coststhank you!