@James HelmMy experience dealing with PM is limited, but I'll give you the insight that I've gathered so far. 1) Building a reputation from day 1 should be your highest priority2) Most people that work in property management business have lower pay and very little incentive to outperform.

We out perform national brands and carrot websites in our market.

Time in the market will outperform timing the market.

As for my VASTX Vanguard fund, when you say your real estate out performed my index fund, did you calculate in your return by calculating the time your pay yourself to invest in RE? 

The investor who puts their cash into cash value and then leverages that to do their real estate investing will outperform any IRA or 401k.

You can then determine by looking at the corporate national disclosure offering what stores average in sales and see if your location to purchase is average,below, or outperforming for the brand.

My books have not slowed down and no one had complained to me.I also have an Airbnb account but VRBO outperforms it 50 to 1.

I don't think there is any hard evidence to back up your claim of stocks outperforming real estate and precious metals either.  

Once you do that, the REI advantage essentially goes away, and stocks outperform and you are diversified which is very important if you are passive and give up control.

While prices have climbed, cap rates remained steady at 7.1 percent due to higher rents, making Charlotte a strong market for investors seeking above-average returns.MARKET OUTLOOK Employment: Charlotte employment growth will outperform the nation this year.