We can charge a reasonable amount for labor given proper documentation.

The most I've spent on a rehab is ~$60k, and that was a 2,100 sq ft house that needed new everything down to the studs, so $80k seems like more than enough cushion, but I only know labor/material prices in Utah.

Make sure you put a value on your time because being your own agent/GC/laborer can seem like an attractive way to juice profits on flips/but has an opportunity cost to go with it because there will be no way for you to scale the business (if that's what you want to do) while wearing all of those trade hats.  

This includes all direct costs, such as material and labor, but does not include your own labor.

Do they not charge labor for repairs?  

This is fairly close to accurate as the handyman is typically between $50 to $70 unit month and then there are times I need to hire the specialist labor (HVAC, certain plumbing, certain electrical). 

Figure a fair price for his labor but also figure one for yours too.

And it ticks up periodically (with the insurance, utilities, management, maintenance, materials, reserves, and labor it covers)....One often looks for certainty in running the numbers in your due diligence (think fixed rate in terms of a mortgage, etc)--but think of the dues like an adjustable rate factor in your equation.

They argue that despite a strong labor market and a public desire to purchase homes, sales may not improve because there are not enough houses available for sale right now.

Our labor and WATER costs are really high.