@Robert Smith I'd argue the number of days per year is in itself a largely irrelevant statistic.  

Hello Michael and Cesar,Thanks for stopping by.I use MLS and downloaded data in Excel ... using statistics and rules based (e.g keywords with wild-cards, normalization of data) for ranking and prioritization depending on category CANL, ACTV, EXP, ...

Appliances need repairs,landscaping and prevention of bug infestations.leaky faucets and toilets need repairing,HVAC problems either whole property or just individual units.Always somebody with a problem that wants to accuse you of being a slumlord.

Yeah I'm aware that any of the calculations we do as RE Investors are just estimations and as a statistics nerd I know that you aren't supposed to make decisions based on extrapolations.

ARV = 190K , house is in a fairly good condition, just need some paint job, flooring and landscaping. 

ARV = 190K , house is in a fairly good condition, just need some paint job, flooring and landscaping. 

ARV = 190K , house is in a fairly good condition, just need some paint job, flooring and landscaping. 

Most people/investors assume that the migration to downtown centers is dominated by millennials, but this article and video cites statistics showing that downtown Indianapolis is attracting its fair share of affluent "empty nesters" with the price of both single-family homes and condos at +/- $300,000.Empty Nesters Flock to Downtown Indianapolis (CBS)

New paint and carpet, updated cabinets in one unit, large parking areaProperty Details Property Type: Multi-Family Home Seller Type: By Agent School District: Bedrooms: 3 Bathrooms: 1 Year Built: 1956 Square Feet: 1870 Acreage: 0.25 Acres Heating: Forced Air Cooling: Evaporative Cooler Garage/Parking: Driveway Yard: Landscape - Front Appliances Included: Refrigerator, Range Basement Type: Shelf/Crawl Space Floor Coverings: Linoleum, Laminate, Carpet Exterior Material: Other Special Features: None Specified

You can spread 10K over literally hundreds of loans at your desired risk level, with very strong statistical forecasts as to the rate of default.