The only thing I didn't like very much was the area's crime statistics, but I guess I would have to sacrifice something in order for the rest of my criteria to work.

Very simple math.. you can't get 10% C on C on the coasts.. so they go looking other places.. because appreciation is gambling and cash flow is everything.. then sine they don't want to be left out of the game and they can get started with 20 to 30k in cash they go for the next best thing a mid west rental.. that's why this whole phenom works.I agree 100%, and beyond this, I've seen many long-distance, and even local buyers who shop only by "statistics", get royally screwed by believing the numbers they were given and ignoring the subjective data of their individual market to justify what they want when they can't find it elsewhere.

I saw a statistic that said we have the most single family rentals since the 50’s.I, like many others enjoyed the fire sales of days gone by.

@Andrew Postell yes...significantlyMetro Statistical Area...not so much

That, paired with economic statistics of the city, occupancy levels on particular blocks where you wanna buy, should help make an educated decision on this.

While I'd love to know if that statistic is made up (I could actually see it be higher than 90%, frankly), does that mean those 90% have lost?

The reason is, statistically you will fail. 

Jay, statistically it costs on the average about $1,000 per door per annum less to run multifamily in the South-West than Mid-West.

check city info statistics. any jobs? 

I saw a statistic the other day that the number of evictions filings has decreased by a significant number.