The calculation really doesn't help much in real life: if statistically the roof is due after 20 years, well, bummer if it needs replacement after only 3 years.

Some are slow to raise rents to market level, so tenants seeking a bargain are apt to want to find an independent property owner with whom they can negotiate terms.If general, if tenants have had a good experience with a good management company or with a good property owner who self manages their property well, then they will seek the same.

There are some little known (by us small time investors) laws that allow the hedge funds to bid based on statistics, whether they make sense or not, as statistically they will end up profitable overall.For example, in Florida, they will bid in ways that make absolutely no sense.  

Perhaps you can take some solace in that.The trade-off, though, is that very few Europeans can retire early by way of financial independence. 

Flipping a hotel conversion? Seller financing the déal.  Anyone excited about that deal?

"averages" are a complete waste of statistics in LA. 

I'd be glad to take an independent look at it for you and help you get a good one this time.

If you are new, I would recommend a KW or Remax or Real Estate One brokerage...the splits and fees can be higher than an independent, but the training and services will help you until your wings are dry and you can fly on your own.

I am interested in advice and proper guidance in the matters of real estate investing, overall wealth building, and financial independence which is why I greatly appreciate this website and its many articles.

Statistically speaking it takes 3-5 touches before a potential seller takes action and calls.