And that was cheaper than the other estimate I got for 20K. 

@Gregory Kohler - Based on the photos, I'd say your renovations estimations are way too low.  

The estimated numbers were also very accurate based on the financing I received.

- How will you estimate & budget so profitable?

That's the criteriaNow ... some super rough estimated numbers ... usually you can depreciate maybe 25-30% of the purchase price, but a CPA will tell you better how you only renting one side affects this.

@John Matthew Johnstonfolks will probably chime in with low-ish estimates but in my experience closing costs can be fairly robust if you're going through a broker, and depending on whether you are buying down the rate or not.could be 1-2 pts to broker and 1-2 to lenderplus the usual title and closing costs

Quote from @DeQuantay McDowell: I’m close to locking up a potential fix & flip deal here in Columbus, GA, and I’d love some feedback from experienced investors before I move forward.Property Details:4 Bed / 3.5 BathPurchase Price: $275,000ARV: $360,000 (based on comps within the last 3–6 months)Estimated Rehab: $15,000–$25,000Mostly cosmetic: paint, flooring touch-ups, fixtures, landscaping, and minor updates depending on inspection.Seller claims the property will be delivered free and clear (no mortgage or tax liens)Current Condition:The property is in good structural shape.

Most wholesalers I deal with are WAY off when giving me rehab estimates and market rent.

Here’s the listing:--> https://www.zillow.com/homedetails/398-402-Boston-Post-Rd-Wa... price: $350,000My plan:Live in the smaller homeRent the larger home immediately (after light cosmetic work)Use FHA (3.5% down) + CHFA (down payment assistance)Reduce my personal housing cost as much as possibleSlowly fix my unit over timeBuild equity and eventually refinance to help fund a future businessNUMBERSPurchase Price Target:Offer target: $260,000Expected seller counter: $275,000–$300,000Currently listed at: $350,000FINANCING (FHA + CHFA)FHA 3.5% downDown payment covered by CHFA assistance programEstimated interest rate: ~6.5–7%MONTHLY PAYMENT ESTIMATES (P&I + Taxes + Insurance)At $275,000 purchase:Mortgage (P&I): ~$1,775Taxes: ~$420Insurance: ~$150--> Estimated Total: ~$2,350/monthAt $300,000 purchase:Mortgage (P&I): ~$1,940Taxes: ~$420Insurance: ~$150--> Estimated Total: ~$2,510/monthRENTAL INCOME ESTIMATE (Big House)Based on local comps:Low: $1,700/monthTypical: $1,800–$1,950/monthStrong (clean/paint/update): $2,000–$2,100/monthMY OUT-OF-POCKET HOUSING COST AFTER RENTIf I rent the big house at $1,900/month:At $275k: ~$450/monthAt $300k: ~$610/monthIf I rent at $2,000/month:At $275k: ~$350/monthAt $300k: ~$510/month(I currently pay $0 in rent living with family, so my goal is to keep my costs low while building equity.)REHAB ESTIMATESBig House (rent-ready):Cleaning + paint + small fixes: $1,000–$3,500Optional cosmetic upgrades: $2,000–$5,000Small House (my unit):Cosmetic repairs only: $500–$3,000Optional improvements (done slowly): $2,000–$7,000Major systems (worst-case ranges):Roof: $8k–$12kBoiler: $4k–$8kElectrical panel: $1,500–$4,000Plumbing repairs: $500–$2,000 typical(Inspection will tell me more.)CASH NEEDED TO CLOSEWith CHFA:Down payment: $0 out of pocketClosing costs: varies, but often reducedExpected out-of-pocket: $1,400–$1,800Inspection: $400–$600Appraisal: $500–$700MY FINANCIAL POSITION(To give you context for risk tolerance)Income: $5,000–$6,000/monthMonthly bills: ~$2,600Emergency fund: $10,000Credit: 717Access to 0% APR business credit card (likely $8k–$12k limit)Currently pay $0 rent (living with family)MY QUESTIONS FOR THE COMMUNITY1.)

They over value the as-is, under estimate the rehab costs, and over inflate the ARV.