Is the 1% or 2% rule mostly only attainable if you buy at a low price, foreclosure, or cash, and put work into it?  

hello everyone :), I just started wholesaling and I received few phone calls people want to sell their lots  I do have a general idea how to run comps for improvement lots but how do you run the comps on vacant lots  ?

(C)   Tenant shall not make any additions, improvements, or alterations to the Premises unless prior written consent is given by Landlord, which may be given or withheld in Landlord’s sole and absolute discretion.

I think the 1% and 50% rules are both applicable for quick and dirty.

Leveraging the property to put your equity to work will not improve your position with your rent as low as it is.

I disagree because I and others around me as well have completely disregarded these sayings, rules or whatever you want to call it.It's obviously not achieved overnight but you can raise some serious capital in just one year... think outside the box.The beauty of real estate is exactly the FACT that YOU COULD RETIRE and build your dream life at a very, very, very young age.

@John Clark You are not going to get anywhere close to a 10% unleveraged return on a 1% rule rental.

If you’re looking for your first single family (SFR) buy and hold property I like to use the 1% rule.

But as somebody in the industry who understands that every state has different rules regarding lien priority and little surprises that only local knowledge would be privy to... 

I am looking for distressed housing in Philadelphia and I was wondering what is a good rule of thumb when purchasing here.