I excluded the Jan and Jul months data since they were anomalies and I wanted more consistent data.

We take the T12 roll it forward, we strip out anomalies and one-time expenses and then layer in base assumptions and any known large expenses that are planned for the next 12 months.

If you've personally seen the applications and trust what they're doing on the front end to screen these residents it seems like this is an anomaly, at least for the 38128 property.

And look, I don't doubt the anomaly potential, the Malibu homes etc. but point is when we get to certain price levels the price moves outside "median" purchase viability. 

PA was the other anomaly I was thinking of.

If there are any anomalies that occur which require more expensive repairs then that ratio can and will be higher, especially in your first year or 2 of owning a property as you work to get things stabilized. 

In reference to the recent bubble burst as an anomaly and not the rule, you can still safely assume that real estate prices will continue to climb over time even though more modestly than in the past.

That was an anomaly.

.$20.27 Subscribe & Save  Nippies - NippiesTrying to remain as G rated as possible...This goes to show that no matter how much you fine tune an algorithm, there are always anomalies and outliers...Stay tuned for more when I run things again in a few hours.

(We discussed the "problem tenant" situation above, and I believe it was an anomaly and not necessarily due to poor tenant screening.)