As we all know, markets don't always follow technical analysis & price charts.

Here's a chart of one of my properties so you can see what I mean:Notice that the income increases almost 60% in the first two years as we implement the improvements to the property and management. 

Brandon's book on Rental Property Investing (in the BP store) has an awesome quick chart to help estimate Cap Ex (it's in Chapter 5).

I never ever put drain cleaner down my drains.No, I don't snake between tenants, but I do run the water to check the faucets for drips and to make sure the drains are flowing like they should.I always fish the hair out of the tub and shower drains with a zip-it while I am in the house getting it ready to show.When a tenant calls me about a blocked drain, I will use a hose and bladder through the roof vent before I snake.

Yet I was a slum lord because there was dog hair in the carpet and the house was "filthy".He wanted me to replace all his groceries, have a hazzmat team disinfect the house, put him in a hotel, and pay for all his restaurant meals, because he thought he saw a mouse.

Looking for a referral for a great carpet cleaning company to clean carpets in a house I just purchased in Parker that has lots of dog hair and smells like one too.

We have a partner who has a oil chart slide showing oil fall from $100 to $50 barrell and B/C occupancy of their 12 properties stayed about the same at 92% while class A melted 13%.I am comfortable buying mid 5 caps and mid 6 caps if the above criteria are met than blindly following properties based on higher cap rates where these dynamics or strategies are not in place.

Bad hair

You drink enough sweet tea with little old blue hair ladies, you will do well.

@Jeff Libby I plan everything out first with a budget and ghantt chart to make I am tracking everything and not going over time or over spending.