Sac State Student Looking for Help on a Project

[Andrew Cooper]

Hi all

I am a Sac State student doing taking a RE Investing class and I am working on a project. I am trying to make it as realistic as possible because this is something I would like to do in the real world. I was hoping that I can get some insight in what is considered a "successful" flip? Is it 5%, 10%, 20% profit? 

Also rehab costs. How to estimate rehab costs? Pricing seems to vary greatly depending on region, is there anyone here in Sacramento or Northern California area that could shed some light on rehab costs?

Thank you all