Finding the ARV in small towns.

[Alex Antonuk]

There are several towns around my area that have no more than a population of 5,000. There are plenty of run down homes that I can get at great prices to wholesale. The problem is that I can't get an ARV because some towns don't have any comp sales even up to a year back.

For the professionals out there. If there are no comps to use to get my ARV, is it safe to find 10 homes that are listed with similar beds and baths and style and square footage and use the average of the 10 listed homes as my ARV?

Any input or advice would be greatly appreciated. Thank you.