I leave in the Greater New York Metropolitan area, precisely in Jersey City.

When they snake a camera in, they know pretty precisely where the camera is and can see (to some extent) what is clogging the line.

Our company started precisely the way you stated your idea came to you. 

The comparison in the book is between active and passive investors (defensive and enterprising are the precise terms used), not some line in the sand of what type of return one seeks.

Some flips you will only have the budget to paint, do new flooring, etc....others will justify a higher-end remodel to get the best ROI.You just need to get a Licensed General Contractor to go over your Scope Of Work and attach a pricce to what you want to do.Now, if you wanted more precise guesses at your budget, and gave us a Zillow link...we could actually throw some numbers at you.

If one wants Precision, become an engineer.

In the end, the investor is responsible for making good, informed decisions and for knowing precisely what their needs are as investors.  

@John Lasher If you are still looking to spend $20k-$30K for a coach, I would be happy to take you up on that offer :) For full disclosure,  I will share with you precisely what you can learn online/ perhaps even entirely through these BiggerPockets Forums but that doesn't address the reason why most are still unable to purchase larger assets: creditworthiness and capital relationships.

., structural engineers, plumbers) for precision, or a general contractor for coordination if the scope is broad.

They could give you a more precise estimate and help navigate zoning regulations and permitting.Let me know if I can help or if you want to discuss your plans further.Best of luck with the project!