@Matthew Krueger The sky is the limit and I happy to see your renewed optimism on opportunity. 

In order for companies to retain labor they have needed to pay more so their employees can afford to live there.

It’s almost impossible to find good management companies and is far more than people think to optimize there own properties but vacation rental even run at 50% of revenue potential can be profitable so most people think they manger there place well.

Hello.On every book that I read of bBiggerPockets it says that you need to do a scope of work with tasks and divide the cost of every task for labor and materials.But then I got a property and started to look for a good contractor, I had some congestion with some in which they were didn’t mind to bring me a divided estimate for labor and materials.

I think finding the balance between over improving for the area vs. using updates to optimize sales price is kind of where I am hovering. 

My chances of collecting from them were nil and if they were not high paid skilled labor chances were that any new job would be low pay.

Did all the work myself, no labor cost.

Did all the work myself, no labor cost.

The best way to find them is to send out mailers.Some good lists to target are Absentee Owners with Equity, Seniors with Long-time Ownership and Homeowners with Low Financial Stability Scores.You can work with a list broker to optimize your list for your area.

So I guess labor or something else must be driving the huge value of some of these homes and rentals in these hot spots.