I appreciate the replies but you’re not following.

To pencil out, I first need to figure out what my input ‘get it ready’ capital will be.

It’s “pre”foreclosure. Basically, it’s a foreclosure that just hasn’t been foreclosed. It’s empty, all utilities are off. Toilets and sink traps are dry. Doors obviously have been left open as leaves are in the house.

Given the unknowns around not being able to test the HVAC, the plumbing, the electrical, etc.

How do you estimate expenses? Assume they’re all shot? Some subset are shot, best gut by looking at them?