And that is true, but that is also sort of like saying "to mitigate the risk of investing in Apple, and relying on their decisions, I will start my own tech company" (okay, that is a bit extreme, but you get the idea).  

Property management - to be profitable - relies on scalable processes and procedures. 

Would you rely solely on a local property manager to handle these responsibilities?

Let me demonstrate why you should not rely on this approach.Suppose you want to compare two properties.Property A:Rent: $1,800/MoPrice: $300,000Taxes: $2,000/YrInsurance: $1,500/YrAssoc Fee: $250/MoProperty B:Rent: $1,600/MoPrice: $300,000Taxes: $800/YrInsurance: $600/YrAssoc Fee: $35/MoCalculating the rent price ratio for both propertiesProperty A: $1,800 x 12 / $300,000 = 7.2%Property B: $1,600 x 12 / $300,000 = 6.4%So, Property A is the better property!

It varies if its Fix and Flip, Acquisitions, Refinance etc.Long Term Rental ("LTR") .... 

I definitely rely on just peeking at my bank account every couple weeks to make sure things are as expected.

We got varying bids of quality and prices.

You don't want to rely on your tenants for WiFi service, it's not a good idea.

The pricing for Hostaway varies depending on the number of listings you have.

REI Game Changers is a beginner program that relies on cheap spray and pray list marketing.