How can I better define the steps necessary to achieve this?

MF hedges against market shifts and cap ex. also doors are a multiplier X so if i have 100 units under 1 roof and 1 of my tenants moves out and trashes the place well thats only 1% of my expense.. as opposed to 1 SFR which would be 100% of my expense.. the only aspect I could potentially agree with is the liquidity.. but lets start off with IF you are investing in holding real estate then you SHOULD be holding LONG TERM. so liquidity is only a tertiary calculation.

2) Define what a "cash" offer is?

It definately helps

Maybe pay for one if you have a defined scope for a specific strategy. 

This is really just defining who is actually representing who and should you be representing a buyer you have to fully disclose it (and quite possibly still write your commission into the deal as was done before anyhow). 

A market is defined by common properties, of the same size and type, within a specific area. 

The other aspect I feel is a byproduct of inflation and/or a fear of a downturn in the economy.

Aloha Daniel, Can you define further the following: 1.

The responsibilities of the PM are defined in the agreement with the Board.