But I typically budget around $3.50 per foot, material and labor for vinyl plank flooring.  

I will update this for the last 2 months when the month closes out https://swflreia.com/2025/04/15/march-2025-lee-county-florid...The trend has not materially changed since I did the report

It's choosing the durable materials that not only photograph like a dream but feel high-end to the touch and function flawlessly—all while respecting the reality of your budget.I know I'm not the only one who has finished a project and kicked myself, wishing I'd tweaked the layout, rethought a finish, or chosen NOT to install some crazy specialty item in the first place.

I'd start looking at rental comps to figure out what materials other investors are using. 

It simply means that, for tax purposes, your rental activity is not considered passive, so you can use losses to offset other active income.Unless you’re providing substantial services (like in a hotel or short-term rental scenario), your rental activity remains a Schedule E activity and is not subject to self-employment tax.If you're truly REP-qualified and materially participate in your rental activities, you can legitimately deduct your real estate losses against ordinary income.If your accountant insists on reporting rental income on Schedule C and says REP status requires it—yes, it may be time to find someone more experienced in real estate taxation.

It’s was the sellers family home and they took good care of it and my contractor was a close friend of mine so I only paid for materials (carpet, paint and few fixtures).

Some thoughts: patience, network, value adds, alternative financing, etc.    

I don't work for or with them but I would assumeConstruction Markup – Like general contractors, they build in a margin on materials, labor, and overhead.

Who is going to coordinate all the subs/procure all the materials/manage the rehab team? 

It’s a unique intersection of housing and social impact that I’ve really grown passionate about.I'm here mostly to connect with others who are interested in alternative residential models, community-based investing, or just looking to learn about lesser-known strategies that still make a difference.