I'm bringing the $$, he's doing some labor himself and charging me nothing for labor. 

Despite this upside surprise, the unemployment rate edged up to 4.4%, the highest since late 2021, as 470,000 people entered the labor force.

This is with me doing a large portion of the labor to decrease the overall build price in order to keep loan amounts reasonable. 

Horton execs said their construction costs—including labor and materials—are down -1% quarter-over-quarter and -1.5% year-over-year (ResiClub).

I just had some done for $2500.00 with material/labor.

Material and labor prices have climbed in most states, so managing flip budgets is becoming more strategic.What strategies are you using to keep margins predictable?

I would separate labor and materials in the bid to avoid changes if financing delays things.

We ended up going way over budget and turning it into a single family residence and selling at very little profit due to loss in labor.

This enables our renovation vendors to provide lower labor costs.Standardization: Since 2017, we've standardized all major renovation materials—flooring, paint, fixtures—across all renovations.

**OPERATING COST REALITY CHECK:**- Insurance: +29% YoY (coastal exposure + reinsurance crisis)- Maintenance: +24% (labor + materials)- Property Taxes: +22% (reassessments catching up)- Condo Fees: +45% since 2021 (SB 4-D structural compliance)**MARKET DYNAMICS:**- Luxury ($1M+): 10.2 months inventory, seeing 10% discounts- Single-family: 6.4 months, still climbing 4% annually- Condo/townhome: 12 months inventory (buyer's market forming)**CAP RATE SPREAD:**- Miami core (Brickell/Downtown): 4.7%- Suburban (Doral/Kendall/Homestead): 5.3%- 60bp spread = biggest arbitrage opportunity in years**INVESTOR BEHAVIOR SHIFT:**Seeing capital rotate from luxury spec plays → workforce housing with stable cash flow.