Positive cash flow is vital if you are planning to grow your portfolio and obtain wealth through real estate investing.

Tenant screening is vital.

It has a similar flavor to other pureplay vacation markets in that there is a lot of demand, but also a lot of supply, so for you to perform well, separating yourself with a strong listing, and possibly some sort of niche, will be vital. 

“This puts us in a better posture to handle any type of emergencies that would happen in the Miami-Dade area…This site could be vital as a Logistics Staging Area if you had a hurricane go through.”The new facility will be constructed on approximately 30 acres of the southern portion of the 322-acre Snake Creek Training Site.

The Real Estate Guys often say "...every vital function must be funded."  

This is also where there are so many shades of grey, and local knowledge is vital. 

I strongly agree that education is of vital importance to any endeavour and it does not cost, it pays.

I have a project manager that I'll be partnering with to help manage the day to day contractors and projects but I'm still looking for some vital team members.  

It's not as you will eventually discover ... which is why screening is so vitally important - your best, perhaps only, opportunity to rid yourself of a problem tenant is before they sign the lease and move-in.

I completely agree that time management is a big concern and being able to control that is vital.