Furthermore they teach you outdated methodologies that may have worked 5-10 years ago.

Not saying which transactional methodology is BETTER, just pointing out the difference.  

Similar to a broker’s opinion of value, this analysis is less detailed and may not follow USPAP guidelines.Replacement cost method: This methodology is supported by a 1982 tax court case, Meiers v Commissioner (T.C.

I was told by one that he “learns by doing”, and yes this is a verifiable methodology.  

This means the 50% rule fails now (50% + 60% = 110% --- 10% more in costs than rent), and other cost estimate methodologies seem to yield negative net cash flow.Am I thinking about this correctly?

While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.

Please respond only about Grocapitus deals, not ones from Neal's previous operator or general comments about him or his underwriting methodology. 

g=173096))Housing supply shortage: # new jobs per permit issued >1.5 (based on https://www.nar.realtor/research-and-statistics/housing-statistics/housing-shortage-tracker)Rent affordability <.33 (based on https://www.zillow.com/research/housing-supply-32743)Housing affordability <.40 (based on https://www.zillow.com/research/housing-supply-32743/)Based on these criteria I got 3 cities: Raleigh, NCCharleston, SCSan Antonio, TXI would love to know your thoughts on this methodology.

Scott,  @Steve Vaughan is  one of my all time hero's on BP and someone I think gives the absolute best advice on a realistic methodology for attaining this mystic financial freedom from RE .

Add $7k.3) If you have ancient wiring you'll need to replace it all.