I like Glendale because of the array of nearly-identical cow sculptures in the parking lot.2.

Your net rents will be pretty much identical regardless of if you DIY or go turnkey (assuming all other things are equal, like property class and monthly rent), because you'll pay a PM and leasing fee either way.Both options can work very very well, its all about what you want to accomplish, and how much time and energy you're willing to put in vs how much risk you want to take on.

Mine does background checks, credit checks, sex offender registry checks as well as past landlord statements and employment verification. 

I suspect there is an occasional verification that the reported submeter water is accurate. 

A couple examples, I have three almost identical properties that have performed well in a college housing market, the price run up on them has been huge.

One would think that since the "profit" on these two was only a $17 difference to each office that I would receive almost an identical payout from each one, yet that was not the case.  

Case in point, can someone identity anything that is up only 9% annualized?  

look at Hushpuppy .. jsut B/C people have pod cast or are on pod cast like BP extra there is no vetting of the folks.. its entertainment.. but for some reason folks take that as a verification of authenticity or success.. 

You buy 2 properties that are the same size, right next doors to each other, put the same amount of rehab into them, everything is identical.

If we avoid piles of taxes now, and build up a 1,000,000 tax-deferred 401k, and someone else pays their taxes now and uses a Roth, and builds up a 1,000,000 Roth - their million is bigger than our million - because we must pay taxes to access ours.Now - assuming identical returns, it will take them 'more money' to build their Million Dollar Roth, because to make the same contributions, they must also pay taxes.