@Michelle Belinfante I use CallRail which gives me 10 distinct numbers to identify marketing funnels from.

The real question is how much this would skew the plotted data.Currently, I do split the market into the avg high, mid, and low $/sf segments over time, you can see the high-end (renovated/new) product shifts with the most magnitude (across almost every market not just 91324), but this does not represent absorption like you desire, only $/sf:To research your hypothesis, I would have to:1) Select a year's worth of transactions (ideally across a 10k+ transaction/year market to be representative, say Los Angeles)2) Manually review every transaction's photos, marking them 'Renovated/New' if it is, to segment this transaction data from the rest of the transactions3) Calculate & plot absorption of the 'Renovated/New', and compare it to the absorption of the rest of the transactions4) When overlaid atop one another, their slopes would reveal the impact you mention in your hypothesis #1     -If you are right, we would see the cheap houses slope increase heavily Q1-Q4, with the expensive houses slope decreasing Q1-Q4, and vice-versa.I've run comps thousands of times when underwriting (looking for high-end renovated homes to use as comps) and I have yet to detect such a phenomenon.

The distinction between the two based on police records.

I talk about my experience starting up on the BP Podcast: Show 25 - My segment comes on around 48 minutes.

I'd do it as often as possible as long as it was normal within the market segment.    

The following are the fundamental distinctions between investing in 1-4 unit properties and 5-12 unit properties:1-4 Unit properties,1.

They are very  different and it’s an important distinction to understand. 

This can help spread risk and minimize the impact of a decline in any particular segment.

With a "larger" (its all relative) your eggs aren't in one basket and you have segmented your liability without driving yourself crazy with one bank account and debit/credit cards for each property you own and the associated bookkeeping.Using conforming residential loans (which a legal entity is not eligible) can be a powerful tool. 

:@Jay HinrichsJay, in your institutional memory, was there ever a time when US homebuyers or a segment of them didn't try to buy, as a default, the very largest and most expensive primary residence a loan officer told them they could afford?