For instance, I'm evaluating this deal on a $65k 3/2 halfplex in Houston that has a tenant ready to renew there lease at $1000.

I think this would be difficult in most instances.

If the attorney isn't the personal representative, which doesn't appear to be the case in this instance, they still have a duty to present an offer to the PR if an offer is made - whether they do or not is another story.  

He said he would be willing to pay for such an analysis in these instances. 

For instance.

Thanks for the insight as I was unsure if there was something specific that I needed to do in these instances.

For instance: one of my best friends in high school is looking for some capital to fund a deal in south/central Illinois (Bloomington/Normal area).

None of these will be a justification for higher profits.There are intrinsic values that can apply, I might sell Elvis' Caddy for $200K more than the blue book value, it's a collector's item, you might have that in RE if a property can be shown to have been owned by a famous person, but intrinsic values can not be measured in the market and therefore are not used in valuation of real property.

In this instance, the asset Andrew is considering would fall into CCA Class 1 and is depreciated at 4% per annum.  

Flooring, for instance, has a five year schedule.