IMO, your data will not be statistically valid to predict a small real estate market in a city for more than it may require to find, buy, close and sell a property.

I'm going to post the same stats to you.https://finance.yahoo.com/news/credit-card-race-ag...So statistically that white male you are talking about is twice more  likely  to have a credit score over 720 than a black one. 

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.

We calculate rent plus all debt payments as a percentage of gross monthlyincome.Our underwriters strive to analyze and balance all the information above to determine the statistical likelihoodof 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’tchange their minds.

Do you have statistical data or experience to back up the lower numbers?

I don't know the building unit count statistic influx, but I can't believe it is anywhere close to the net migration (supply/demand fundamentals).

Once the paperwork is submitted and inspection takes place, we write up the lease which the tenant signs along with a bit of paperwork from the Section 8 office, and we schedule a move in.In our experience, tenants who hold vouchers are statistically just as good as any other tenant.  

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.

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.

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