I agree that people that want change in Dodd Frank should state their case with reason and facts.Down payments for Home ownership in Canada is 10 percent or more, UK, New Zealand and Australia are all 10 per cent or more.I wish there were some kind of national underwriting supervised by the government the someone's ability to repay could be quantified, there are 800 pages and Dodd Frank just for the ability to repay rules.And seller financing could be done by homeowners without these Draconian penalties  of -36 months of payments plus -down payment plus lawyers fees plus -court costswhich is intimidating any home seller from looking up so if financing, including rrap estate agents.Seller carry backs with reasonable underwriting and no Draconian penalties should be allowed as an exception to Dodd Frank.

I have no way to quantify how many of these are out there, but I do know that sometimes the bank takes a long time to put them up on the market, so I was just wondering if there was a way to make an offer directly to the bank, bypassing the whole listing agent and MLS process.

Now it's just all about the math and quantifying possible outcomes.

In many cases my "gut" has made the "no" decision while driving to the property before I even set foot in the door.Odds are if you combine 4 years of your current experience you can use "want" and "gut" to narrow your options down pretty quickly.Or I'm just a weird hippy dispensing unwarranted non-quantifiable advice...

Regarding performance measurement, there are not quantifiable measures to evaluate them.

I don't know how you "quantify" that into a spreadsheet but I always do it. 

That is a little harder to quantify and factor into deals. 10 properties that cashflow $150/month, if you have mortgages on all 10 properties and you have vacancies on 3 of them, you are in a tight spot unless you've built up a solid emergency fund.

@David Acosta is probably right, however, it's always best to run the numbers yourself and quantify and validate your assumptions and other perspectives.

Can you quantify it? 

In the absense of knowing who the lender is, it's difficult to determine if what you are experiencing is SOP (standard operating procedure)---I work with investors that will issue a POF in 24-48 hours with min. information on the borrower/property, while others take longer as they quantify the merit of the deal.