@Jon PierreGreat insights and love seeing your methodology. 

I agree with your analysis methodology and does the same in looking at deals.

A heat map shows the level of crime...like this...pretty scientificThe data can be normalized for your specific location by establishing the baseline for the city, not the nation...so you can compare relative crime rates to tell where the worst stuff in the city is happening...it goes on a scale and can then be graded:Anyone that creates a crime map based on anything but this methodology is playing a fools game...its simply inaccurate.

We use price per acre methodology in the South Western States with a minimums for smaller lots.  

That methodology/thought process has gotten me far in life and I'm sure it can do the same in REI.

The methodologies and processes are rather universal, with some differentiation on the implementation side of things. 

I fought the appraisal for not using a different methodology, to no avail.At any rate, yes, you have an awesome deal.

I've got some deal sourcing skills - albeit with a totally different set of parameters, but my thinking is the methodology and diligence required is similar. 

I have always felt it is important to understand the methodologies that other folks or industries use for evaluations as any information can be put to use for a beneficial use.

but here we are 2018 and his is still humming along with his same methodology..