The law is written giving a very broad interpretation, saying any method or system, to be used to facilitate any sale.

@Ed WoodThe article paints with a broad brush and draws conclusions that don't apply everywhere.In one county that I deal in, the number of foreclosures at the LAST sale was the most in history!

More broadly, how does a lender independently verify ARV?

All the other bells and whistles are very broad stroke and not very useful.At first they were responsive but know they must be tired of my questions because I don't hear back from them.It would be invaluable if it worked as promised.

Memphis is also where one of our Founders and Principals, @Jeffrey King, lives almost full time, year around.Speaking in broad terms, the largest difference in product for us is we focus on the A-B+ Class Memphis neighborhoods, which would be the $90K - $180K price points and $900-$1595 rents per month.

I just wanted to give a broad example of what I meant.

Some contractors can give you broad estimates based on the language and pictures in the home inspection report.

There's a wide array of areas in southern California, and the prices can vary tremendously.

They're great as broad guidelines, but as you mentioned in your post, there are markets where the rule either doesn't apply or just isn't suited for that particular market.With any investment, you should be looking at the costs, income, and desired rate of return based on whatever your investment strategy and goals are.This is coming from someone who has never used the 2% rule and simply made the investment on a. what it was going to cost me to invest and b. what return would I get in both the short and long term.

We are talking in broad generalities.