Boards often have the mindset of "keep the maintenance fees low", instead of putting forth the effort to properly plan for statistically predictable major repairs and replacements.

The statistics are on their side and the announcement of Normandy Park and Titan Terrace in the media was perfectly timed. 

I’m not saying most can afford to buy houses, but statistics indicate they are a huge group that is buying at a later age due to more student debt and slower career advancement compared to previous generations.

Mark, the Census Bureau reports at the Metropolitan Statistical Area level. so that is where you have to start.

We calculate rent plus all debt payments as a percentage of gross monthly income.Our underwriters strive to analyze and balance all the information above to determine the statistical likelihood of a tenant paying their rent on time.ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious and don’t change their minds.

It has great statistics that integrate into Podio as well. 

There are resources available for free to research market statistics including growth rates and crime, etc.

If you do it right, it’s statistically the best market in the country for cash flow.I cash flow $100k a year off 23 doors and have built a ton of equity in a short amount of time.

In similar fashion, consider the impact of California’s Proposition 47 that in effect legalizes stealing up to $950:https://www.foxnews.com/us/california-prop-47-shoplifting-theft-crime-statewidehttps://www.laadda.com/lies-behind-selling-prop-47-57/https://www.latimes.com/local/crime/la-me-prop47-anniversary-20151106-story.htmlAnd yes, The Gray Lady herself will vehemently disagree:https://www.nytimes.com/2019/01/21/us/california-incarceration-reduction-penalties.htmlWhat I find sanctimonious is the bold, unapologetic attitude of the Oakland City Council to pass a law that merely appears good, kind, and compassionate (so as to fool and maybe even humiliate the opposition into silence) but in practice erodes away at a vital foundations designed to keep their city safe and strong.

Thanks for sharing your experience/statistics.