ITM=in the money, like intrinsic.OTM= out of the money, and what most would view it as non-investment grade.

ASSET PROFILEPurchase ContractAppraised as - is ValueRehab BudgetTotal Project CostAppraised ARVNeighborhood Metrics: Days on Market, grade, appreciation ratesBORROWER PROFILE:1) Credit and b.g.2) Experience3) Capital

Depending on the company, you may have to get a sepparate policy if the lot has had any improvents (cleared, electric run, Plumbing run, grading, etc.). 

I am happy to send you my neighborhood grade map to help you get started.

Prefer buying in St Louis, Jefferson, or St Charles in desired average grade residential neighborhoods Any help is greatly appreciated! 

Some may not include below grade square footage. 

Before spending any money I would read The Ultimate Guide to Grading Cleveland Neighborhoods to give yourself a good understanding of what's what cuz it ain't all sunshine and rainbows out here.

Just curious, would you mind sharing your methodology for grading these areas?

If you're going to do the out of state thing in Cleveland, 1st thing I'd recommend you do is read The Ultimate Guide to Grading Cleveland Neighborhoods.

There are a few types of people who will buy your end of line flips….1) Those that will only buy truly safe … battle born… “equity the day I buy”.. opportunities And/or2) those that were trained to see real estate investing as a much more risky “ investment”… in other words  “ a buy that “SHOULD” have value after appreciation”With Buyer group #1… if you provide truly investor grade deals that haven’t been stripped of most of the equity before you try to flip, you will build a following of investor grade buyers that WILL pay cash and CAN close “ as soon as the title search is done”… This will net smaller nets for you initially , but you will own a REAL Buyers list… that WILL have the experience… to REALLY CLOSE ASAP.And that will make your machine run MUCH more smoothly.Or2) you can initially max out your net on a few deals as you scape out most of the equity for yourself… but you will only be working with non experienced buyers.. who will buy ….one… realize that they are in WAY too deep… have no B plan.. and they will be FAR less likely to buy again… AND they may never even make it to your first closing .So.. your choice… cultivate a crop of GREAT slam dunk , low work load real buyer investors…. where all you need to do is find the property , mark it up a LITTLE ..and we do all of the rest of the work…Or sew a crop of weeds…I do spend a little bit of my time asking wholesalers to take me off of their lists.I would love to buy from you.I don’t want to spend my time doing the initial marketing.I am willing to pay for your valueBut I don’t buy properties that don’t have TWO exit strategies1) enough equity AT CLOSING so that, at the very least I could sell it TODAY without taking a loss…..AND2) after my expertise ….