Hey everyone, im pretty new here and wondering how do you calculate the price or amount you'll most likely spend on rehab when punching in the numbers using the biggerpockets calculator tool. or would you contact a contractor and have them analyze before doing the numbers

Whether or not there is anything to be concerned about, you are foolish if you don't spend the time and money on a GOOD REAL ESTATE attorney (practice limited to real estate, good reputation, and works with a lot of buyers) to explain the contract to you.  

While I've yet to invest in my first deal, I've been spending the last 2-3 years studying real estate by reading books, listening to podcasts, reading articles, watching videos, and even spending some time with experts in the business.

Do some research on the competitors in the area to see what they provide and what you can offer that separates you from the competition.A solid cleaning crew and a reliable handyman are the lifeblood of your business, so spend time finding the right people for these roles.Also look into pricing tools like beyond pricing or wheelhouse.

The only way you'll know the extent is to hire a plumber to evaluate the entire system and be prepared to spend a pretty penny to bring it all up to speed.

How much more rent are you going to get for spending $x on the upgrades?

Typically a home inspector might charge $400 to inspect a house, but that's because they spend several hours putting together an inspection report.Tarl said to keep the costs down, he told the inspector he didn't need the formal inspection report.

Good advice but good luck trying to get a prospective property manager to spend that much time with you.

Indy is a mixed bag, so seem I may need to go down there and spend a week to understand the area.

In order to perfect the judgement you'll then need to go to Civil Court and start spending money.