Please upvote my post for the algorithm :-)You can PM me if you have questions about the methodology (it should be updated as 2019 census data is in).

@Mary Jay it doesn’t matter the actual transaction methodology as long as there is a clear trail between appropriate entities.

PM me when you are ready I do not know Axel's methodology to have any opinion but I will address how I would do a House Hacking BRRRR. 

It wouldn't be crazy to agree to pay more than the appraised value, but that methodology can be taken to an extreme (and often is with turnkey companies dealing with OOS investors) because . . . they know they can?  

Not saying you shouldn't invest out of state just trying to understand your methodology.

I wasn't even aware that distressed sales weren't in the Case-Shiller (as stated, no expert on their methodology..).

FinancingReviewing Rental Property Financials - Most Common Items I've seencommercial and portfolio lenders use a different methodology to determine your qualification.

However if you have one like that and it is off base from you normal range I imagine you could use that methodology.

The flipping book talks specifically about the order in which you do things working up to an offer (including when to bring in a contractor for estimates), and the rehab estimating book will give you a methodology for estimating rehab costs.

Guys like LeGrand have been through several 'cycles,' and all say that (unlike being part and parcel of the 'traditional' sphere of orbit) these methodologies work in EVERY climate, demographic, angle and at all levels!