Some items entail action from the client but most of it is backend tasks that need done.

This entails building personal/working relationships with people successful in the field.

Yet, it entails management responsibilities, upfront costs, and liability concerns.

This entails occupying one apartment while leasing the other units in a multifamily building.

I do know that anything can happen, but I am sure that I am still unaware of what that truly entails at the moment.

This entails dedicating a significant amount of time and effort to the short-term rental business.

What exactly does this mean/entail? 

SFRs (less than 5 units) value add often entails  buying a property which can not be bought with bank financing (e.g bad roof, open walls/flooring etc)  at a deep discount with high cost private financing.

But keep in mind, each PM also entails a host of support team members also.

Investing your Individual Retirement Account (IRA) in real estate presents lucrative opportunities, but it entails specific rules and considerations.