And with realtyTrac, you need to understand their "Report methodology".

There is no 'one-size-fits-all' methodology.

Comp Analysis: Personal Valuation w/ detailed systematic approach (Please inquire for methodology): $176K-$232K w/ avg. being $201K Agent Valuation: $200K-215K "conservatively."

Assuming the property appraises where you want it.Take it from an experienced investor who has done this multiple times then quickly shifted to a different strategy: BRRR as a methodology is very much a marketing tool that makes REI sound glamorous, sexy, and appealing to new investors so that they become more interested and involved in the industry.

Methodologies could often vary drastically.

and blah blah blah...Fact of the matter is, I learned that the snowball method is a good methodology, but I don't follow the steps in the exact order he does.His steps1 )Set a baby emergency fund of $1K2) Pay off all debt except mortgage3) Save 3 to 6 months4) Invest 15% into Roth IRAs and pre-tax retirement instruments.5) Fund college fund for kids6) Pay off Mortgage Early7) Invest and GiveMy Steps?

Does it tie into the Biggerpocket ideals and methodology?

I would urge you to learn how the methodology of the calculator works before you just start using it.Unfortunately it's not just as simple as the 2% rule or the 50% rule or we'd all be rich ;).

It is a methodology which requires dedication and persistence.

This type of estimate will work for some types of houses, at some time of the year, at certain points in the economic cycle, in some locations, using some types of materials, some types of contractors, with a certain level of negotiating skill on your part.Long story short, unless you're comfortable going back to the seller after doing a detailed analysis and telling them that you were way off in your estimate, I wouldn't use this method.Instead of trying to estimate a rehab in less than one minute, I would recommend learning a more detailed methodology, and spend 10 to 15 minutes getting a much more accurate estimate.Just my $.02...