Rough budget number I've heard is $50/bedroom although situational based on vendor, living sf, area, etc.Best bet is to join your local Facebook group & ask other hosts in the area or call a few vendors & get some bids.

Joshua,It’s definitely smart to track budget vs. actual throughout the renovation.

But we haven't had any issues other than that.I think operational efficiency has to be kept in mind- even with a varied budget or a small budget.

The only catch it that it does not have a budget tracking feature.Hey Janae, totally get where you’re coming from, the bookkeeping side of a BRRRR can feel way more overwhelming than the rehab itself, especially on your first one.

Partner Driven funded 100% of the project, including the $40,000 purchase and the $40,000 rehab budget.

For your first flip, you must fully understand and budget for this potential issue.Red Flags ChecklistFor the General Contractor (GC):Delayed Quotes: Significant or repeated delays in providing you with bids and quotes.Poor Communication: Lack of responsiveness or reliable communication.Unreliable References: References that are difficult to contact, overly vague, or seem fabricated.Contractor & Project ManagementPre-Vetted GCs: Have a small list of multiple General Contractors ready to go before you need them.Active Oversight: Commit to visiting the property frequently—at least once a day, if necessary—to monitor progress and preempt issues.Financial & Deal FocusThe Deal-Killer: Be aware that the biggest hurdle in acquiring a property is often the seller's unrealistic price expectation.Conservative Estimation: You must be very conservative with your repair and renovation estimates.Don't Solely Rely on Others: Do not rely only on your contractor's estimates.Collaborate and Verify: Collect as much information as possible from your entire team to form your own final, conservative budget.Realtor Expertise: Your realtor should be a key part of your team, and they must be knowledgeable about the house-flipping business and local construction costs, (hands-on experience).Next StepsThe comment you made at the end of your original note is important and likely requires its own, separate discussion thread to give it the attention it deserves!

I have also applied for the Greenline grant (a first-time homebuyer assistance program) and am hoping it covers some of the costs, but I won't know if I'll receive the grant or the amount until March, so I'm currently budgeting without it.

For a 3BR/2BA STR, I typically see budgets land between $15K–$25K depending on design goals.

Some say finding the deal is the battle… others say financing it fast enough is the challenge.A few trends I’m seeing:• More investors are buying lighter cosmetic flips• Private lending is replacing conventional financing• Rehab budgets are rising due to material cost increases• Speed is becoming the biggest competitive advantageFor the investors actively flipping — what’s the bottleneck for you right now?

Are rising repair costs changing how you screen tenants, budget, or structure reserves?