Is there an area of town you can get closer to the 1% rule?  

This is known as the self-sufficiency rule.

They also want  a copy of lease with a rider of HOA rules and contact info for all occupants, from every investor.  

For Investors :FNMA(Fannie Mae)  Deed restriction that restricts you from selling for more than 120% of purchase price for 90 daysHUD- No deed restrictions and the property can be resold immediatelyYou might be thinking of the FHA rule that requires you to hold the property 90 days before entering into a contract with an owner occupant buyer on a flip

I will not give advice but I stick to my business rules - they have not failed me yet.

In CA I don't get anything good for 150k to start with.Sure @Alex Craig, let's sync up in couple of weeks.Michael Seeker I briefly checked the cities you mentioned, mostly not meeting 1% rule (checked zestimate for rent on zillow).

In Texas earnest money comes with rules.

This is known as the self-sufficiency rule.

The rule is that the replacement property needs to be equal or greater value.So thanks to an old IRS 1031 rule, you can sell your old properties without paying capital gains if you exercise the 1031 and follow their rules.

Are there many B class single family homes in the Ogden area that meet or exceed the 1% rule?