Advice needed - what's your experience on rehab costs like this

[Alice Huang]

Hello everyone, 

We have our eye on this project. 3/1/1040. 

It needs a lot of work, in San Antonio, Tx.  What do you think rehab will go for?

https://drive.google.com/drive...
Looking for some insight...Is this too much to take on for some rehab newbies?

Cheers,

Alice

[Joseph Cacciapaglia]

I work with a lot of new out of state investors that buy here in San Antonio, and I would strongly discourage any of my clients from getting into this type of project, unless they have significant construction experience. Not only is it a big project, but it's also surrounded by dilapidated properties. There is a lot of revitalization going on in that general area, but this particular neighborhood hasn't seen enough of it yet for me to want to pour a lot of time and money into it. Even if you're able to rehab the property within a reasonable budget, this isn't an area that's renting terribly well (if this is a BRRRR). Have you spoken to a local property manager yet? If it's a pure flip, you might be able to make it work if the price is right.