Though I've only been observing the game for a short time, that factor seems to separate the very successful investors from the rest of the pack. 

Account ClosedNo similar reports that I'm aware of, however I could post some links that provide a big picture view that are typically put out once a year by a couple RE firms and Wichita State U.JP Weigands (probably the largest firm in town) 2015 outlook http://www.weigandforecast.com/video of the presentation -- http://www.weigandcommercial.com/marketsummary.htm...Commercial firm NAI Martens Forecasthttp://www.naimartens.com/Portals/227/Forecast%20l...WSU Center for RE main page - lots of info there -- http://realestate.wichita.edu/Hope that helps, have quite a few of my observations as well, however might get a bit lengthy for an online discussion and better suited offline.I'm attempting the snowball method myself - I'm in the stage of making the initial small snowball larger - seems to take forever, though I'm at a point where I see an end in sight.  

IMO: Two interesting observations there John. 

This is an interesting observation.

I'm getting my finances in order and want to observe and get a little experience before attempting to participate. 

This isn't a criticism of the tenants, this is a practical observation.  

In my 40 yers in this industry here is what I have observed.1. 

You can fix it, sell as is, get payments (observing Dodd-Frank), etc.

My observation would be that your return will be better a block or two off the beach.

San Pedro, I got the impression that the police let them do whatever they like, and they were drunk and hostile, at least back then in that neighborhood; was not so west of Gaffey, though ... probably not PC, but that was my honest observation.