You also have to consider the frequency of occurrence - how often (on average, statistically) is someone going to have an uninsured claim on your property and sue you?

There is a statistic that "98% of people will end up dead or dead broke - depending on their family, friends, or the federal government for their main source of income by the age of 65 (danijohnson.com)!"

There should be at least one entity - such as a family or personal trust - between you and the LLC which owns the building(s) and the S-Corp which processes the income.If you visit the property during the day when most folks work (81% according to the Bureau of Labor Statistics, that might be lower now after "the crash") you'll be less likely to be recognized as the buyer, especially if you dress down quite a bit while doing your inspections.Then, hire a management company and have the rent checks and electronic payments go to them.

I was particularly drawn to the statistics on the back which stated that more than half of homeless Veterans contacted by the VA have either a drug or alcohol dependence and a majority have been diagnosed with a serious mental illness. 

Hi, @Virginia H..I like @Mike D'Arrigo's answer.There are so many different parts to an Metropolitan Statistical Area (MSA).  

As an agent in Central Florida, I can tell you that it is a statistical fact that listings peak here in the summer (when people are reliciting before the start of the schoo year), and fall dramatically in December.

Although I know a few investors that have successfully invested out of state, just understand that the odds are against you statistically speaking. 

There is typically some local rel estate statistics company that has this information.

I don't have any hard statistics, but I would guess that a home inspector is a bit safer, but you definitely have a higher upside in real estate sales.

They really need some statistics.