Estimating the renovation is the hardest part in my opinion, there are calculators and prices per square foot for each different job, but I have found the actual costs to vary significantly.

Get your financing squared away as well. 

The estimating guide was this:1) Demo - 2 laborers at $30/hr, 1 30 yard dumpster at $3502) Roofing: is measured in squares. 1 square is equal to 10'x10'.

You may be able to get a loan but any of these red flags will limit the lending avaliability.

First red flagOriginally posted by cashboy2010: I'm not saying its another high priced, super slick, superbly marketed, REI gimmick...I'm just saying...If it looks like a duck, quacks like a duck then.........

With new non-homestead taxes, upkeep, marketing, LLC fees and current and future repairs seem to be running us into the red.

While certainly not enough info to draw any hard conclusions, see the red flag for what is is worth at this point.If they don't answer or respond to their cell phones, meet agreed upon schedule for assuming utilities, signing the lease and moving in, are they displaying the characteristics of tenant you would really want?

It's a 1100 square foot 4/1.5 situated in a mediocre-good neighborhood.

That being said, it's pricy at $1.79 square foot at Home Depot, though you can use 10% coupons and everything.

A house can get "racked" or out of square if improperly raised off it's foundation, but this is rare.