@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..).

@Zach Schwarzmiller i know this is an ancient thread, but do you know of any mobile home parks in your area?

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

But thanks to both of them, I got the contract on the property for $50,000, then I noticed that I overlooked the ancient electrical work and had to talk them down to $43,000.

They were also concerned that the 10 pounds of air required for the air test was creating more leaks in the ancient system.

I know the windows are ancient.