Real estate involves a lot of understanding of finance, statistics, business best practices, negotiation, technology, and accounting. 

Recent statistics in my market suggest everything was down, except for: 1) prices, and 2) inventory (which has started to creep up).

Single-family home sales fell 20.2 percent year-over-year, with 6,671 units sold, marking the second straight month of declines fueled by the COVID-19 pandemic;The Days on Market (DOM) figure for single-family homes grew from 54 to 58 days;Total property sales dropped 20.7 percent, with 7,917 units sold;Total dollar volume dove 25.9 percent to $2.23 billion;The single-family home average price fell 7.4 percent to $298,199, the first decline since January 2018;The single-family home median price was statistically flat at $249,000;Single-family homes months of inventory was at a 3.5-months supply, down from 4.1 months last May and below the national inventory level of 4.1 months;Townhome/condominium sales dropped 36.0 percent, with the average price down 2.3 percent to $206,146 and the median price up 2.9 percent to $175,000;Single-family home rentals jumped 11.9 percent with the average rent down 2.8 percent to $1,822;Volume of townhome/condominium leases fell 4.6 percent with the average rent down 4.6 percent to $1,586.Source: HAR

US Bureau of Labor Statistics: https://www.bls.gov/web/laus/l...

Statistically speaking, we have a very strong leasing season in the "middle" (Kansas City is in the middle of America). 

LP on 560 unit complex in Memphis that was down 6% on collections in April vs March and Feb.GP on 170 unit complex in Montgomery, AL that was down 13.5% compared to prior months, but this isn't a great statistic for the area because we are also actively trying to free units up for renovations on this asset. 

I don't know the statistic, but I'm willing to bet it's higher for partnerships. 

If I run into any problems with the flip, since I know statistically first time flippers take significantly longer on their first renovation, I could afford the payments to the lender.Those are my thoughts!

Aside from the great statistical sites @Alex Olson mentioned, I would also hop on google maps street view and virtually drive the neighborhood.

Statistically, you're going to live to about 80. 40 years of doing nothing is a long time.