"Black Swans" occur much more often then they statistically should.

Unless you're independently wealthy, you'll run out of funds to buy more houses real quick putting down 25% plus paying rehab as well.

The employer base is diverse and the population statistics are steady.

Josh, would you please let me know how to download the files independently?

My "strategy" is to buy and hold multi-family properties, primarily for the rental income stream.Alternatively, I'm also looking at single-family homes I can acquire for less than 30k, and rent out for a few years (still with positive cash flow), then sell when prices have recovered a bit.The purpose of all this work is financial independence - I want to replace (and exceed) my current job income with rental income.

I will have some statistics for you in the article.

I say that because LTVs are pretty well established through conventional lending that manage risks based on very large samples through statistical analysis.

Having a great team that can work independently is tremendously important; we were lucky that all our contractors turned out to be very professional, reliable and trustworthy, which went a long way towards ending up with a quality rehab.The biggest takeaway is that there is NO WAY I could have done this successfully had I not had many rehabs under my belt already.

I would NOT trust the current property manager, get an independent assessment.

Crime statistics for a neighborhood, school districts, property tax rates, etc. can fit under this as well.