Sure DSTs are more conservative in nature than syndications, but what are the statistics on their overall performance been over the last 5 years?

However, my perspective is more cautious, driven not just by statistical analysis but by firsthand observations in the field and insights from investors and developers across the country.

An appraiser that is not familiar with the area is not someone who understands the intricacies of the local market and just looks at statistics. 

@Anne Christenseninstead of picking a market based on statistics or numbers, I'd pick one based on... 

I've been focusing on 1980+ or newer and Mahomet, IL which is the highest median income city in Champagin County around $115,000 with the top school districts in state (Chicago, Naperville, etc can sway statistics easy). 

Along with a tenant who, statistically, doesn't give a crap about your property.

As Stuart mentioned: Computer statistics can be useful but are not the end all be all for determining the value and class of an area.

In your case, with a history of passing audits and having a CPA who is experienced in IRS representation, you're in a strong position should an audit occur.Regarding audit statistics, the IRS generally audits fewer than 0.5% of individual returns, with even lower rates for those earning under $1 million annually.

At that LTV, $35k can purchase a RE worth $1m. 7% apr is historically moderate and why home were statistically less affordable in the 1980s.

But even breakeven on a house in a super fast growing market like Raleigh will statistically produce hundreds of thousands in return equity over time.