I know I could make roughly $400/month if I put 50% of rent away for unexpected costs. 

Not quite the 1% rule but some busy months we get close!

@Joshua Von Schlutter if you are using a conventional loan, Fannie/Freddie will allow 15% down...some banks don't follow this rule but it is possible to get 15% down on an investment property. 

I'm from Fredericksburg, a city about 40-50 minutes south of Arlington, and I can say (anecdotally) that Arlington is probably one of the most expensive places to live in all of VA.

One thing I do note in it that out of the area people might not be familiar with is that Montgomery County is the largest jurisdiction in the area by far at about 50% larger than DC itself. 

I’m not sure what the rules are on this website, so I don’t want to overstep my bounds, but you can find the YouTube video with some more info by searching “Cambutal 308 acres”As far as utilities go, the property has a natural water source and city power is less than a km away. 

If my equity position is 20% and the property appreciates 10%, I have made 50% on my equity from the appreciation. 

If i use 50% of rent as the expense number  i come up with about 6k/mo cash flow   This equates roughly with the initial buy price    Will the area suport an almost doubling of the rent to get to a 1.7m valuation? 

If i were to purchase a 50 unit trailer park, does the rule still apply where i would have to live in one of the properties as a primary residence for 2 years?

@Wade ReevesDoesn’t meet the 1% rule - pass