We are really unsure on how to go about permits and regulations on electrical and plumbing for the property if we do turn it into a 3 plex.

And keep your handyman on speed dial because there will be plenty of occasional electrical and plumbing and HVAC and hot tub issues, many of which will be minor but will still require your handyman to take a look.

What's a fair price these days for some basic rehabbing - not a full gut (roof/flooring is fine), but just: - Removing all existing drywall - Replacing all electrical - Replacing all plumbing - New drywallBasic 3/2 1200 sf, one floor. 

We needed to gut their bathroom due to a plumbing leak, and needed them out to do this.

If you're touching the kitchen, both bathrooms, flooring, painting, and doing any plumbing or electrical work then you'd expect that number to double or triple.A useful book towards this end is J Scott's The Book on Estimating Rehab Costs  and the cousin book The Book on Flipping Houses. 

You then install the window well, include a way to drain the window well (normally connect to existing plumbing or run a drain far into the yard) and repair any drywall on the inside.

This property is a "white box"; it has updated plumbing and electrical (home was built in 1895) and new drywall put up but needs all of the finishes (kitchen, bathrooms, paint, floor, etc.).Preface on the loan: I am using a specialty loan by Indianapolis called "Revive Indy".

This property is a "white box"; it has updated plumbing and electrical (home was built in 1895) and new drywall put up but needs all of the finishes (kitchen, bathrooms, paint, floor, etc.).Preface on the loan: I am using a specialty loan by Indianapolis called "Revive Indy".

Our selling price is 172k and the amount of work wanted sums up to about 6k+ (laminate flooring in kitchen and bathroom, new plumbing, new appliances).

We pulled an electrical and plumbing permit.