I use J Scott's spreadsheet as a reference: http://www.biggerpockets.com/files/user/JasonScott/file/13-rehab-analysis-spreadsheet---basic

With that broad parameters they set, I am planning to put a cap on finishes as part of the proposal, say for tiles it will not exceed $2.00/sq ft on the finish material (grouts, mortar and etc not included as finish material and represent tile only), or give out colors on the countertop (ie gallo lines), so they would not choose anything expensive, basically I will be setting cap spending on top materials.

Hi all,Still trying to wrap my head around the basics of note investing.

The information could be from basic probate knowledge to marketing to anything you have.And yes I know I can use the search bar for probate info and yes I do take advantage of it

I was thinking maybe a session on building a basic website for real estate investors, real estate investors guide to understanding social media (maybe a four part- 1) understanding the platforms & identifying what works for you, 2) optimizing and measuring success and analytics, 3) crafting the message & building your community, 4) managing the process and content creation calendars). maximizing technology/automation for your real estate investing business, email marketing success strategies, and whatever else real estate investors wanted to learn about to DIY on the web.

It is being inspected this Saturday and basically, I am looking for a reason not to buy it... 

(Basically the same thing @Luke Moses said, just expanded

Sacrifice and save while learning the basic principles of RE.

Chances are she'll be in the Assoc of Realtors anyway (she is required to do so if her broker is) so it's basically just what she decides to make of it.  

One risk factor to be aware of is that you will basically have close to 0% equity in the property though in the event you should decide to liquidate you may have a hard time getting out of the deal unless you have a plan to force some appreciation quickly.