I think the region averages 8-10% appreciation each of the last 3 years.

By fool proof, its basically apartments without the people, you have a unit that's full of items, without running toilets, leaky faucets, without tenant headaches, statistics show most people stay 12 months business stay 24 months on average, the best part is most people do not visit their belongings.

You can do multiple analysis and take an average yet it would come out to the same as if you took an average from the beginning. 

Do your research and make sure the starting and average pay are high enough.

In addition, average costs for things like backed-up drains, toilets, and misc simple repairs are 3-4 times what we pay for properties here in the LA area.

The one number that defined all of that is Average Days on Market.

As of today April 16th, we're at 94% of rent collected, which is very close to our average at this time of the month.

The realtors and a PM company can help you with market averages. 

Average revenue for the property has been $2500 per month, with highs being $3200 and lows being $1800. 

In the last 4 weeks (since 3/18/20)2,460 properties have been listed for sale.Inventory of homes listed for sale increased from 5,927 to 7,347. (24% increase)1,620 properties for sale went under contract with a buyer to be purchased.2,582 properties successfully completed the selling process and changed ownership.The average number of days to sell a property DECREASED from from 47 days to 39 days. (17% decrease)The average price of single family homes sold decreased by 4.7% from $377,790 to $360,000.The median price of single family homes sold decreased by 2.3% from $320,000 to $312,500.1,134 single family homes listed for rent signed a lease with a tenant.The original list price to final sale price ratio was 96.5%, increased to 103.2% and decreased back to 96.5%The number of weeks of inventory available increased from 8.7 weeks to 12.8 weeks. (47% increase)So what does this all mean?