I am new to flipping homes and would like the feedback of some more experienced investors. there is a house in a town of only 1,000 people. the house is going for 45k and the only two comps are from only one month ago they are for $115 and $165. with both properties they sat on the market for around 4 months with big price reductions for both. the average days on market for this town is 95 but I believe I can get the rehab done for around 30k to 35k.

That is a huge weight off my shoulders. 

Thanks Its a similar concept to Weighted Average Least Term (WALT) you want to know 95% of "what" a 95% occupancy of all 10x10s still isn't meaningful if those last units are crap locations and won't ever be rented

If it truly means a reduction of 20k+ we can however live without it.While on this topic, are there other features, we may not have thought of other than pool and hot tub, that have a dramatic effect on a properties earning potential?

So, for as long as the note we hold doesn’t pay off, we collect $10,722 monthly interest and pay out $4,100 on the underlying note - of which prox $2,000 is interest with the balance principal reduction (since our note is interest only this represents note equity buildup).  

I don't think in this market I would be putting much weight into the 1% rule.

This is an integral part of doing deals, the wholesale community maybe push the numbers in their favor to make that deal happen, that is of course not okay, and the same thing is said for agents that say they can list a home for $20K more than the next realtor just to get that listing then ask for the price reduction later (this just happened to me).This is a company that I tend to hear more bad things about then good things and that is where the caution needs to be taken into real consideration and make sure you are doing with with people that are looking for a win-win, not a win-lose/sometimes win-win which can happen in real estate more often then not if a person is not looking out for themselves.

Most of those deals fell out, but we were able to get price reductions/remedies for others based on the findings.

I agree, the term itself seems to have been the result of backroom jargon as any pool sold or collateralized will be based in part on the WAM, Weighted Average Maturity of the obligations.

  ^ To touch on this point, Jerome Powell just recently said this exact thing as one of his two trains of thoughts:To hold rates longer, and put some weight on it OR to jump up it quicker and hit it down hard faster.