@David Cruice, looking at some multi family units in New Mexico, do you have a few tips to pass on to a new investor Possibly some Unknown’s that may come up or what are the most critical things to look for, what % does the city ratings/crime statistics have with determining the value of the investment?

@Ryan Thomas there really is no statistical cap rate in any area.

  (4) Finally, don't be overly concerned about analyzing crime statistics online. 

@James Wise I agree...it's a little difficult to insert metropolitan statistical area after every reference to a city.

Yearly tenant survey wont be useful as im sure you dont have enough data points, ie propertIes, to make it statistically significant.

As long as the numbers are based on the statistical facts and reports (employment, etc).

That graph doesn't show home prices and would be an interesting statistic to compare.

If you want to try an advanced statistical technique to improve your chances of increasing your response rate, research Design of Experiments (DOE), which is a multivariate method of testing many factors simultaneously.

I did see a post on here by an agent with some statistics about how multi family properties are hard to come by in MD but that doesn't mean it can't be done! 

@Lane Kawaoka $3k-$5k on a $3mm-$5mm property is extremely low, I'd be wary of such a study as it likely relies heavily on statistical sampling or computer modeling.