Or on ancient indian burial grounds.

Don't rely too much on AirDNA's numbers, as their methodology and data isn't that great, but it can be useful for looking at patterns in a market.

Is anyone using a similar valuation model for real estate portfolios that are cash-flowing or are all of these straight real estate transactions based upon residential valuation methodologies?

The building is full service with CAM recapture based on a base year methodology. 

@Christopher SparacinoEven though I’m licensed in a couple states I have purchased property in other states where I am not licensed and I used the same methodologies to get values.

I'm looking to make sure my methodology makes sense.

I do have a financial and real estate background and I can see how his methodology could work (as well a turnkey investing in general).

A/C unit is there, newer hotwater heater and furnace doesn't look ancient.

Epictetus, the ancient Greek philosopher, noted that grounded optimism often leads to the greatest satisfaction in life.

Honestly I haven't had the time to read through this yet, but CoreLogic usually puts out some thought provoking stuff with good data and methodology behind their research.The following link provides a summary of their Q1 2013 Renter Applicant Risk Index Reporthttp://www.sacbee.com/2013/07/18/5575564/corelogic-releases-first-quarter.html