Excess acreage, usually over 5 acres or what is common for homes in the area will be discounted or ignored as to value with Fannie/Freddie, VA, and FHA mortgages, USDA can take more land value, depends on the region, but my guess would be 20 acres.

Certain undocumented folk, using a translation page have found the communities they want to live in from an internet cafe in Central America, so certainly the regulators can find a retailer or community making advertising claims about financing they are prohibited by law from making.From a regulator’s perspective, the entity that is willing to violate the rules on advertising financing, is likely willing to violate or ignore other rules as well.

Which is why they're still vacant lots - until the logistics change, or are taken on by either of these two groups: ignorant wannabe moguls (soon to be bankrupt), or, rich couldn't-care-less show offs! 

Where realtor.com will show you a map, and zillow will show you off market homes they consider similar, redfin will actually show recently sold comps as thumbnails so you can narrow it down at a glance (for example if your house is single story with no garage you can ignore two-story houses with garages). 

Assuming a 6 month, 100% loan for the purchase price at 11% per year plus 2 points, as well as 15% interest for the full rehab, here is an estimated P&L:Don't mislead yourself by focusing on the spread between the purchase price and ARV, as many new to the business seem to do, ignoring all expenses.

South Dallas, in particular, seems virtually ignored, and there are excellent areas around there for growth (e.g.

I am pretty safe ignoring anything bought from '06-'08.

The appraiser comes in and ignores the fact that my home is zoned R-20 and stated highest best use the home is commercial and my comparables are not conducive to the property, which I believe this is ludicrous. 

It was built in 1979 and for many years many maintenance and capital improvements were ignored by the board in favor of letting things get worse so they didn’t have to raise money to properly fund these things.

Thank you all for responding and clearing this up, I've shown openly shown my ignorance on the topic, and appreciate the help.