The video provides a range of light, average and heavy rehabs as a quick rule of thumb to calculate rehab costs.  

The sellers had already engaged a debt financier interested in providing about 80% of the proceeds ($7.2M), but this was far from a green light.

Tenant tried contacting previous owner about replacing a washing machine 2 years ago that didn’t work anymore.

This will help you get a better idea of what tile, hardwood, carpet, plumbing fixtures and light fixtures costs for your rehabs.#3 Contact Local Contractors for Labor PricingCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.

With enough space downstairs for a wash/dryer the whole building can pay to use (miscellaneous cash flow).Spoke to my bank (Chase) about doing a 203K loan for rehab, they don’t provide that but do FHA loan at 6.3% with PMI.

This decision will not come lightly, but we need to supplement or fix our payment process without increasing our monthly operating expenses.We also need options with credentials.Does anyone else struggle with this?

I know it saves you from repairing and replacing them, but I'd worry about them properly attaching things like a washing machine.

If the deal still works at the worst rate possible, it's a green light. 

So happy to hear you found what lights you up!

There are a ton of considerations for this option that are beyond the scope of a simple online post, but I will say tread lightly and really think about this option.