Now if they took the time to set up effective standard operating procedures, learned leadership concepts, negotiation and had the right software they could easily automate their portfolio for around 15% on top of regular expenses.

Please go to my website and under thought leadership tab, you will find the special report on vetting a deal sponsor.

The problem with that is that you now have a single point of failure -- if your PM isn't trustworthy or isn't qualified, your entire project is at risk and you may not know about it until it's too late.The least risky solution is a team of people to manage different parts of the process, but this is difficult to implement and requires you (and each of them) having strong leadership and teamwork skills. 

Pretty simple really.Example - Buy the equipment to start a podcast and interview people in a certain field, now you've not only created a brand but you'll be the thought leadership platform for whatever that market or niche is.

I have nothing but respect and admiration for some of Civic's previous leadership team and support staff but their departure has caused a considerable shake up that personally affected our office. 

That is not true in every industry but for now, houses, apartments and tenants need human being to manage them :-)  Like any other company/industry, some company are shaped by their leadership management.

They're probably no worse than any other OKC Public School but in our experience, that end of the district got short shrift from PC leadership.

As an investor, you'll need to manage property management companies and I look at this just like leadership - How can you lead and manage if you haven't done it yourself, even on a small scale?!

The same is true of judges, who will make or break your case when it comes time to enforce your leases.3) You can more easily develop and maintain face-to-face relationships with contractors, investors, agents and city leadership in your area.4) Even if you hire a manager, you will have to inspect how your manager is performing in person at lease 3-4 times per year until you have several years experience with that person/company. 

And according to some people, Realtors are low on the totem poll.