PMLs exist, there's zillions of them, real estate investors work with them every day and PMLs fill a need and have a role to play as a specific tools for a specific situation.See if you can put a sharper point on your question.Mike Thanks for this Mike! 

There is no mention of his role as CFO at Norada Capital Management.

This is especially important if you're on the younger side, as those returns can compound significantly over the next few decades.I'm in a small real estate mastermind group, and we all did this exercise with our own portfolios and identified underperforming properties and equity to reposition, and presented it the group for feedback.

We are all overly optimist about our own knowledge, skills, and abilities (not a lot of people will say they are below average investors, even when they know nothing) AND we overestimate the degree of control we have and underestimate the role chance plays in our future.2.

However, for the purpose of a healthy and helpful discussion, I invite you to the the do the following exercise to get the facts first:1.

I have been a contractor (or played the role of superintendent) since 2001.

Some approaches felt legally and ethically questionable, particularly for someone trying to transition quickly out of a 9-to-5 role.

You need to do what you can to keep ALL of your places pest free and teach your tenants their role in the process as well. 

Plus it's a great exercise to ensure you understand each step of the deal, and if there's anything you're missing--something new to learn as well!

Be strategic—don’t rush it, but plan for it.4.Understand Property Management's Role in Your Bigger Vision: For me, PM is a spoke in the wheel, not the whole business.