That is quite bold but it may not be very wise.

Of course statistics can be a bit deceiving, and I need to say that the percentage of home-ownership in the US hit a highpoint in 2004 (11 years ago) at 69%.

But at minimum get an inspection from a licensed inspector and check with the police department for the crime statistics in the area.

Most of the data that you need can be found through the Bureau of Labor Statistics and the U.S.

@Bryan Clement, if you follow this link, you can email the Richmond County Sheriff's Office and they will send you the Crime Statistics.

Hey everyone,Whenever I am looking into a property, owners, ownership history, past sales, etc. on tax assessors websites I always see the statistic "Percent Good" or "% Good" for the buildings. 

I don't have a way to get the statistics, but a lot of properties are being sold as is because the sellers don't want to deal with the headaches and time to get the properties compliant. 

The realtytrac statistics show Richmond City, Virginia to be a great option.

Last, the information is ported into a statistical analysis tab which takes the net present value of future cash flows of all 10 years of each scenario then runs a statistical analysis taking into account the probability of occurrence and expected results. 

Anything he tells you will likely not be correct or a bold face lie.