Perhaps not quite as critical as it used to be given our ability to compensate with a strong internet presence but still important for sure! 

So if you're trying to learn ten, 15 markets, you're never going to reach critical mass in a market where you can actually start winning deals, knowing the market and so on and so forth.

@Rich Emery if you're not EXTREMELY organized, you'll spend every day with your "hair on fire", making critical mistakes that cost your clients - and you'll get burnt out.Don't forget to research the licensing requirements of PMCs. 

Finding a good, qualified tenant is critical to your success when doing that.

This becomes especially critical in the current environment where you can earn 5% on your money easily and aren't tying up cash until the project is completed.2.

Track record of operator is critical.  

They don't know what they're doing and likely won't do the job right, that protocol is critical for understanding how, when, and what should be done.I hope someone out there finds some value in this post!

Is communication critical?

They are paid when these properties are bought and sold, and you are a critical part of this transaction.

I saw you mentioned in another comment that you wanted to make sure you had enough in reserves which is critical.