But guessing how far people will drive to work is not exactly a science.Your methodology for factoring the in property tax assessment at sales price seems to be a good idea to me.  

Livin life ;)Hwy 1 near Monterey :)In AZ checking out ancient ruins in the hillsides with my sister :)Inner-tubing in Austin TX w/ @Lynn CurrieThe 'Ol Miss in New Orleans ;)Bonnaroo!!!

@Natalya Whitaker,Well, first guess time is you're going to have a lot of folks Googling "scrum" and then trying to figure what a software development methodology or a Rugby term has to do with REI.Nice "Corporate America" thinking, though, and I can see the advantage of dividing crews up into teams each with a dedicated goal.Focused project management by your GC would produce good results, I'm sure.My $0.02...David J.

If you're not into reading the ancients, check out Mr.

BiggerPockets sells a book that walks through the entire methodology for estimating rehab costs (disclosure: I'm the author):http://www.biggerpockets.com/flippingbook

@Monica Dixon  Hey Monica, the property was built in 1985, so not ancient, but definitely not in great condition. 

The reason I ask is because I agree with @Natalie Kolodij  and @Dave Foster but if you are going to reside in a portion of the property, just make sure you have a solid methodology for arriving at the allocation of investment property compared to non investment property which could easily be a square footage calculation etc.. 

The valuation methodology is different, you are not looking at comps as a driver of your value as much but more NOI/cap rate = FMV.  

With ownership in larger MF, the valuation model is based on a commercial methodology of income.  

@Blake HansenThere are licensed agents here in the Bay Area that will write "lowball" offers, If you want to private message me I will give you the name of who I used to buy a duplex in Oakland earlier this year.Also....If you look for agents here on BP that work in the Bay Area they should most certainly understand what you want to do.Furthermore when you talk with an agent, let them know what your methodology is for the lowball offer......In other words if you say...."