Rehab cost per square foot

[Chris Schuler]

When evaluating distressed properties without having access to the interior, what is the average range of rehab costs per square foot? What are typical best and worst case scenarios for Atlanta rehabs?

[Paul Kennedy]

If I remember correctly from J Scott's book -- in which he was rehabbing in the Marietta area around 2012/2013 -- he used a rough estimate of about $25/sqft for minor rehab (floors, paint, cosmetic stuff), $35 for a minor + some capital improvements, and $45 for a total gut job.