okay honey, pick your favorite animal and we'll name parts of irvine after it.""

@Tony KarnsHey Tony,Welcome to BP.Commercial is a much different animal than conventional residential property financing.

In addition, if you're going the turnkey route, a lot of the lower tier TK companies are working on razor thin margins and doing whatever they can to keep costs as low as possible, which may mean CAPEX items aren't updated, maintenance gets deferred, 'rehab' just means a coat of paint and new lightbulbs, etc.

I'm not going to sugar coat it but you are in for a tough time.  

thank you for the advice @Monique Rene Coates.

Buy and hold and flipping are two very different animals and require a different skill set. 

If I have a large window then I count it as 2 windows.Bathroom sink and faucet: $150.Carpet: $1.80/SqFt.Replace a broken window: $150/pane.Remove an oil stain from a concrete surface: $75/stain.Repaint interior of property: $1/SqFt of living space (assuming the walls are not a dark color which might require two coats of paint).How did I obtain these costs?

@Monique Rene Coates  thanks I lived in RI for a bit and went to school there 

You can sugar coat it anyway you like but in the end the expenses do add up.

A bank owned property is a whole different animal.