I use a risk and reward methodology to determine when i consider my risk too high to go without a policy.Voxtur’s statement regarding a fully compliant alternative kind of sounds like a red herring.In the end, the purpose of title insurance is to mitigate the risk to the seller and also mitigate the risk to the lender.The attorney is taking the risk based on an attorney opinion letter that takes the risk against their practice.  

Even because you and the state appraiser board disagree with the methodology, you were given an "estimated opinion of value" and nothing more.You said in response to @Ned Carey's assertion that it would have helped if you would have written that this was a $2700 appraisal instead of a regular residential appraisal, that it was irrelevant and I agree. 

When you get into the nuances of cap rates, everybody has their own method of calculation, which means cap rates only matter insofar as you use precisely the same methodology to compare buildings. 3.

Over time, we've refined our methodologies to minimize this issue.

Once you have brainstormed this number in your logical thinking, than you could find SF that has minimum 3BR setting within your pre-range.If you are methodological and logical and also rationale, they would help you.

If you tried to live by the standards of someone in 1970, your cost of living would be lower than todays standards.The methodology is also a problem, specifically when it comes to shelter.

For a growing investor for whom ROI and cash flow are important to obtain more financing, this can become detrimental to their growth and would be a bad deal to invest in.2022 Update:Revisiting the same methodology and factors, we can take a look into the changes that we have seen in 2022 by comparing the relative time period (January to May) from 2021 vs 2022.

These places are anomalies in the real estate world, and there are many factors (supply/demand, insurance costs, regulation, etc) that cause them to be disproportionately more expensive than the rest of the country.While the methodologies in the book will work for any place in the country (and perhaps much of the world), there will be a few select places where the price ranges are too narrow. 

Any similar methodology used in Cleveland area?

Moreover, they have very specific methodology on how they adjust up or down from the base rates (i.e. heat being gas or electric for example).