Nailing down the right process for estimating repair costs on a property is an important step to master when investing in real estate. TV shows can many times gloss over this step because honestly it’s not sexy. True investors will tell you however that they look at dozens of properties before picking the right one.
To help further illustrate the process I found this step by step video produced by Than Merrill where he does a walk through, room-by-room of a property that he recently acquired. I hope this helps provide a realistic look into what it takes: