Also I just pulled this statistic from Nighborhoodscouts web site."

The same situation happens on a down trend, where some refuse to (short) sell hoping for recovery, but only losing even more, yet others panic at a normal blip or spike, selling or buying too soon.I am a believer of 'past performance statistically increases the odds of similar future performance.'

If you are bold, ask your tenants for their input, but again be prepared for the fact that you may be opening a can of worms.

I'm going to underline and bold this tip lol.

The statistical average is 30% more consumption with water when the landlord pays for it and the amount is actually higher with loss as they are slow to report leaks which turn a 100 problem into a 500 problem by the time you find it.

Your story of boldness and perseverance was a pleasure to hear. 

He also had a great line (which I promptly stole) when he said “ 70% of all statistics confuse 80% of the people 90% of the time.†Statistcs can be spun in so many ways as you can see in this article: http://www.biggerpockets.com/renewsblog/2009/02/23/spin-cycle-real-estate-statistics/I can’t wait to hear what that fantastic speaker at the Real Estate Insiders Club has to say in his economic update in April!

The statistics on sanity are thatone out of every four people aresuffering from some sort of mental illness.Think of your three best friends -- if they're okay, then it's you.

i say plan in bold because i'm not saying you won't hit the ground running and just kick butt, BUT, it takes time to find deals where you find yourself in a positive cash flow circumstances.

No offense but that's Boldly Skillful.