The next study below from Cambridge associates looked at 942 funds from 1986-2016 data and showed around 3.9% outperformance of equity REITs over private real estate with median leverage between 54%-60% so not as high as individual house flippers but still with significant leverage:There are many other studies in US and also by EPRA out of Europe in developed countries as well as many academic studies, https://www.nareitphotolibrary.com/m/750b587aba063147/origin...and they mostly all agree that on the whole, on average, for the Average investor, that private Real Estate investing is statistically worse than stock market in US by about 2% and worse than buying equity REITs by around 4%, over last 20/30/50 years. 

It’s not just a statistic; it’s a testament to the enduring magnetism of Palm Beach living—a lifestyle synonymous with opulence, refinement, and boundless horizons.With 45.5% of purchases made in cash, confidence in Palm Beach’s real estate market illuminates paths to prosperity for both buyers and sellers.

Many cost seg firms use a statistical sampling or computer generated modeling approach which is a bit cheaper since it's less work, but it's inherently inaccurate so it generally leaves money on the table or worse overstates qualifying assets.

I actually ran into an article on AirDNA with where it is best to have STR's in 2022 with the best statistics.

These aren't my statistics, they're from Cisco.

But the final part is whether you will be passing this on to your heirs. if so, they should have direct and constant contact now for better assimilation into REI. or else your REI portfolio will be a statistic after you are gone.

Once the paperwork is submitted and inspection takes place, we write up the lease which the tenant signs along with a bit of paperwork from the Section 8 office, and we schedule a move in.In our experience, tenants who hold vouchers are statistically just as good as any other tenant.  

Could anyone share insights or statistics on this?

In the Charleston, SC and Columbia, SC MSAs (Metropolitan Statistical Area), it was business as usual until Hurricane Katrina.

Median income is 117k, Median home price is $370kIn Palo Alto,CA, median income is 178k, Median home price is $3,200,000Cleveland median income is 92k btw...So Milwaukee still has long appreciation play that can still be supported by people income, what I don't understand is whether the statistic is accurate, I thought the income in that zip code is only 50k.