I am almost 100% sure the entire room would need to be replaced but I wanted to make sure I stay within my legal limits with charging her.

I also read through a number of legal articles, paper, the Texas Property Code, etc. and I can't find anything specifically relating to how we gain an interpretation of this from someone empowered to do so.

I will chime in towards J Scott' s reply...I recall homes in New Orleans after Katrina were condemed alng with the whole neighborhood making it impossible to insure after the rehabs.

If lower -- say 10% -- then you would be looking at a value close to 270k.Your real profit, of course, is the difference between what you can sell it for after re-hab (net costs of sale such as commission, legal fees, conveyance tax and also cap gain tax) less what you have into it -- purchase price, rehab costs, and all carrying costs during re-hab (such as mortgage interest, prop tax, insurance).

General admin: not much in the small props, but it costs for the evictions, accounting, legal.

Expenses such as damage, clean up, re-rent marketing, legal eviction, etc.

Because the characters ion the tv show dont know what the costs are for repairs its impossible to know what the profit will be without getting inside.

Yes, you need an attorney, don't even attempt to do this on your own, there are many issues and requires legal aspects, lending/finance as well as insurance issues.

Make sure you get it reviewed to ensure it's legal in your state.http://www.biggerpockets.com/renewsblog/2010/02/17/whats-in-a-contract-contractors-rehabbing-real-estate/

I would consult legal counsel before acting but I respectfully disagree to say it is an SEC violation per se to mail to a private money list.True if you offer a specific percentage return or offer participation in a specific deal you may NOT legally do so.