The spray starch and the potato test only work to detect the Red P method of meth manufacturing...

At 4 percent a property management company is losing money and small scale properties to run.

You are not offering a "product" in the same way that someone who is manufacturing or flipping a house is.Operating Expenses. no question.

I find that seeing things at scale helps to make most decisions.

Apartments benefit greatly from economies of scale (property management, maintenance crews, purchasing power, etc.), so I'm targeting fractional interests in 50+ door properties for my investments.Also, it's noteworthy that quadplexes and below are valued based on comps, vs. 5+ unit multifamily based on cap rates.

The area happens to be a very nice and upper scale neighborhood.

Also don't forget to factor in economies of scale!!

You can't scale those small businesses for owner operators either which Is why I like larger businesses and numbers.  

My thoughts are: two people to handle the day-to-day management of the propertiesa maintenance expert, who can perform most small-scale rehab tasks and property turns (painting, basic electric, carpet cleaning, etc.)a marketing individual whose job is to find new tenants and market the propertya tax person who handles annual taxes, budgeting, and CPA accounting.What does everyone think??

I've never met a property manager that knows how to say 'no' to business; they will take more business until severely under staffed and hire reluctantly and not scale properly.