Even then, the leveraged rate of return will outperform most comparable opportunities that do not use leverage.Most people mistakenly think 37% of total income from a deal is taxed. 

In the Reno, NV market the single-family is out performing the multifamily because of the short supply and higher prices.

Does Raleigh have a set of economic trends that illustrate Raleigh as a place to continue to outperform most other markets in the country?

The reality is that a property properly renovated to a high level and eliminating deferred maintenance that is also managed at a very professional level, can and will outperform a marginally renovated property with marginally good management.

as per your question, that article is answering that in quite technical way :After maintenance and recurring taxes, the majority of unlevered real estate, even when rented out for cashflows, doesn't outperform gold.

If someone is going to cry about their ROI% on 1 rental property over a tiny 3 year window, it shows that they have a fundamental lack of understanding of how the rental property business works.When cap rate and ROI estimates are provided,  that is a general indication of the how the average of properties in that asset class will perform over time.At any tiny window with 1 small sample size you can greatly outperform and underperform.

This April half my properties in the Smokies outperformed last year. 

My OBX property is outperforming my cabin in the Smokies.

Our STR team outperforms most self managers in the area by a wide margin.

Apartments outperformed all other classes in recessions, but also tended to be the laggards in bull markets.