There is a problem, but they always need somewhere to go and will never sell until that is clear and the path is set.

It really doesn't apply as much anymore in most markets because rates are too high and homes are selling for too much. .75% rule is more viable and would be the new 1% rule in this market.

I am selling the LegalShield small business legal plans. 

I own Granite and Pine Properties - a Direct to Seller Marketing company that focuses on giving sellers 3 selling options. https://graniteandpinere.com/My advertising is word of mouth, social media, SEO, mailers and cold callers.

Quote from @Matt Cook: I would really get with a realtor that is in the area of that property and that sells a lot of homes to comp the property on what it can sell for after the remodel.

You will be selling a service: solving other people's problems. 

If not I’d looking to sell.

A co-worker of mine is selling her condo (which is not listed on the market) and is allowing me first dibs. 

Sellers cannot sell so they convert them to rentals.

When I buy a property it is usually from someone who Really, Really needs to sell.