Focus on the first step, research and implement that one item, refine over time and move to the next.

Additional items required at this stage include a project description including amenities, preliminary site, building and unit plans; rough, estimated project costs; and environmental reports.

I just wrote one in CT that one of our carriers for $400,000 RC was $100 less than the next best rate which was based on $110,000 ACV for the same property.The second item that was confusing is what the payout will be.

This wouldn't always be obvious though with the cryptic names items are sometimes given on receipts.

By the time you've called the plumber to call the tenant to schedule the repair then get the invoice then pay the invoice then categorize the invoice to deduct it as a maintenance item for your taxes takes no time? 

My recommendation is to either just give a ballpark--30K-40K rehab or to skip the rehab number altogether and instead list the items that need repair (Ex: kitchen needs to be updated, carpet in bedrooms needs to be replaced, hot water heater needs to be replaced, half bathroom needs to be updated etc) and provide lots of photos of course and that should be enough for an investor to make their own determinations about rehab costs.

However if you do have one then I typically search items similar to that on the site to find lower available costs. 

Don’t allow incorrect comps to make you overpay for a property.3.Determine the Repairs Before You Bid: Get inside the property and make a punch list of repair items and upgrades that will be needed.

The forums now have their own menu item, as does our real estate marketplace.

Make sure fixed food and liquor contracts are in place.The costs of items are going up faster than prices can be raised.