Full gut/rehab (3/2 SFR) 2020 2021 April Multiplier Materials* Materials % of job Multiplier Labor $ Increase 01: Plans / Permits Plans / Permits $ 5,000 $ 5,500 10% 0% 10% $ 500 02: Demolition $ 5,000 $ 5,500 10% 0% 10% $ 500 03: Foundation $ 20,000 $ 22,000 10% 50% 10% $ 2,000 04: Roof / Gutters $ 17,000 $ 18,870 12% 50% 10% $ 1,870 05a: Exterior Paint Exterior Paint $ 7,000 $ 7,700 10% 50% 10% $ 700 05b: Siding $ 5,000 $ 5,500 10% 50% 10% $ 500 06: Windows $ 5,000 $ 5,500 10% 50% 10% $ 500 07: Garage $ 5,000 $ 5,500 10% 50% 10% $ 500 07b: Driveway $ 5,000 $ 5,500 10% 50% 10% $ 500 08: Framing $ 5,000 $ 9,500 170% 50% 10% $ 4,500 09: Finish Carpentry $ 5,000 $ 9,500 170% 50% 10% $ 4,500 10: Sheetrock / Insulation $ 20,000 $ 22,000 10% 50% 10% $ 2,000 11: Interior Paint Interior Paint $ 7,000 $ 7,700 10% 50% 10% $ 700 12a: Flooring (laminate) Flooring (laminate) $ 5,000 $ 5,500 10% 50% 10% $ 500 12b: Flooring (carpet) Flooring (carpet) $ 5,000 $ 5,500 10% 50% 10% $ 500 13: Kitchen All new cabs & countertops $ 7,000 $ 9,940 170% 20% 10% $ 2,940 14: Bathroom $ 5,000 $ 5,500 10% 50% 10% $ 500 15a: Plumbing Rough $ 7,000 $ 7,700 10% 50% 10% $ 700 15b: Plumbing Final Fixtures, water heater, garbage disposal, dishwasher $ 2,500 $ 2,750 10% 50% 10% $ 250 16a: Electrical Rough $ 7,000 $ 8,400 30% 50% 10% $ 1,400 16b: Electrical Final Fixtures $ 2,500 $ 3,000 30% 50% 10% $ 500 17: HVAC Work $ 5,000 $ 5,500 10% 50% 10% $ 500 18: Appliances Range, Garbage disposal, dishwasher $ 4,000 $ 4,400 10% 0% 10% $ 400 19a: Yard Cleanup $ 2,000 $ 2,200 10% 50% 10% $ 200 19b: Fence $ 5,000 $ 9,500 170% 50% 10% $ 4,500 20: Basement / Crawlspace Vapor barrier $ 3,000 $ 3,300 10% 50% 10% $ 300 Contingency Stuff happens $ 5,000 $ 5,500 10% 50% 10% $ 500 trash haul Final trash load $ 500 $ 550 10% 0% 10% $ 50 mow lawn $ 500 $ 550 10% 0% 10% $ 50 Staging $ 3,000 $ 3,300 10% 0% 10% $ 300 $ 180,000 $ 213,360 $ 33,360 16% Does this make sense?

@Michael Johnson This is a good question and you do open yourself to a wide variety of opinions here. 

With taxes and everything, the cost ranges are less than $50 a month.some of the destroyed houses seems to be in decent neighborhoods, nice houses, lawns taken care of etc.Do you think it would be worth it to own a few of these properties for the future?  

They just walk away, leaving the homeowner with $10.00 and his plans to move up in flames.I've seen others where wholesalers brag about making $50,000 as their (illegal) fee, meaning that they stole that much equity that rightly belongs to the seller.If a licensed agent mistreated a seller that way, the real estate commission in any state would issue discipline ranging from fines to license revocation. 

Got appraisal on Google drive.This is where the challenge stopped, but I wanted to keep taking notes4/28/20217:55 PMSent email to the title company to get the closing time scheduled4/29/2021Confirmed closing at 11 AM on May 4th at the title company4/30/20215/1/202111:15 AMGot cashier's check for closing5/2/20215/3/2021Tyson confirmed Oleatha passed occupancy checks5/4/2021Met at title company for closing, collected keys from vacant unit, applied for AMEX Blue card5/5/2021Began providing checklist items to property management, changed electric/gas in to my name for vacant unit, priced out new fridge/range for vacant unit5/6/2021Provided more checklist items to property management, setup new checking account at local credit union, met with property manager and asked all my questions5/7/2021Sent paperwork to City Water to have service transfered, literally have to fill out a form that is a photocopy of another form... this is why St.

Meaning, out of 4-units in a building, the rents range from $650-750.

As an amendment to the original post, I would say that I have contemplated doing a flip or two to get more money loaded for down payment purposes, as it appears commercial dp's stay in the 20% + range.

Here are some criteria:Neighborhoods: Los Feliz, Echo Park, Silver Lake, Culver City and Santa Monica Bd/Bth: 1/1 or 2/1Max Price Range: $3,000Thanks in advance!

The trade off is that rates are a bit higher than conventional (figure 4-6% range in general). 

I'd be looking for property in the 80-150K range and like @arron suggested rent out one of the rooms, or if your market supports it, buy a duplex.