Without extremely close tolerances here the main floor elevation, a regulated measurement of the permit, could be off.

The 1% rule is a valuable tool for filtering out potential options in the real estate market, but it should not be used as a one-size-fits-all measure of return.

CAP Rate is the measure for commercial properties, but you cannot do a whole lot to a 5-10 unit building that will dramatically impact the value other than simply raising rents. 

They go by the date the house was constructed no one is going to go around and measure everyone's bedrooms to make sure they qualify under the new code requirements for bedrooms.

I am wondering what type of security measures have you taken?

Here's what she sent on VA/Conventional flip rules:And for good measure, here's what she sent me for FHA flip rules:Anyway, I wanted to see if I could get some independent verification that the VA process isn't going to be as cumbersome as the FHA program.  

I spoke to tenants about the same thing all of you suggested and they agree the discoloration and agreed to take measures to control this.

Hi Shital:If you are a PRICE buyer, then cap rate is your measurement stick.

Cap rates are simply a function of measuring the value of a stream of income. 

@Stephen E.Here those greater measures are only necessary if the property is zoned/designated a rooming house, boarding house or group home.