Rule of thumb- complete GUT

[Nate Miersma]

Does anyone have a rule of thumb that they use for a complete, nothing-left GUT of a home in disrepair? The one I'm evaluating is about 3,000 square feet and needs to go down to the studs in most places. Electric and plumbing are fine, but the drywall and even some of the ceiling needs to go in most places. This is separate from the "building and construction" costs associated with renovating after it is gutted completely. Thoughts are appreciated! Any

[Will Barnard]

There are lots of rules of thumbs we use in RE investing, however, in my opinion, there is no legitimate one fir rehab costs. So many different factors done into play that a rule of thumb could get you into trouble. Why even look for a short cut here, just go get some valid and legitimate numbers?