Drive the neighborhood.

When presenting properties to buyers, I find it best to bring my builder with me to discuss the rehab cost and I will show them homes that will fit the ARV you present.

I don’t buy high end stuff in b neighborhoods though .

Make sure the house will fit within it’s setbacks at the new lot and that utilities can be accessed but before all that trouble can the house actually make the journey there.

What class neighborhood is this in .

Matter of fact, I've lived in the neighborhood adjacent to NSU for the last 15 years and I am a huge fan of Spartan football.

The strategy would be to buy and hold/For the sake of evaluation, let's say that Mount Vernon is a C- to B- neighborhood.  

@Dennis W. comps in the neighborhood are 60k-62k

got under contract for 47,000 in Cedar Rapids but missed a few things first time through. it's on a slope concrete block foundation small kitchen is added on and no foundation at all.floors are not level the floor plan is all wrong it's a 1900 build don't think it had indoor plumbing originally. so total gut job. might add I'm using hard money on this.now the good points it's on a1.13 wooded acres lot, and houses in neighborhood with 1/4 acres lot about same size age etc are listed around 200k. so any one know of a foundation contactor in CR that does that work?

My question is for those that buy MFRs in Utah, how often do you find property that fits the one percent rule and do you follow it?