If that will not work go by area code.

if it passes code, so what why pay more to sell it if it will pass anyways?

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You may wish to check your local building codes to be sure that it is allowed.

The Internal Revenue Service has finally issued guidance to help taxpayers understand when a vacation home or a second home may qualify for 1031 exchange treatment.Revenue Procedure 2008-16 The IRS issued Revenue Procedure 2008-16 http://www.exeter1031.com/1031_exchange_revenue_procedure_2008_16.aspx to help define when vacation property or second homes might be qualified use property and therefore qualify for tax-deferred exchange treatment under Section 1031 of the Internal Revenue Code.

I guess the goal of any investor is to find your "value-add", and mine would definitely be on the construction side of things, so I'd love to find a SFH that could be turned into a two/three unit, especially since I know how to go through all the code/bidding/dealing with contractors/construction side of things.

I take note of abandoned houses, code violations, and houses that look run down/neglected enough to "stick out" from the surrounding homes.

There are a couple zip codes that are worthwhile, but not many.

Probably about 20% of the loans I do are coded "Fannie Only" or "Freddie Only" -- the rest are 100% conforming with both sets of guidelines, so we just sell to whoever offers the most money (which often times is neither Fannie or Freddie).

I have acquired 3 lists that I feel are great however I need some advice prior to mailing. 1st list is of 13,000 homes with code violations, the second list is 1000 properties that I have from driving for dollars, and the 3rd list is of 750 tax delinquent properties.