I'm not saying a great PM will outperform every owner/operator, but from what I've seen they out perform the vast majority in my market.Don't get me wrong, there are plenty of terrible PMs out there as well.

The vast majority of money that you need to raise will have to come from your network.

The people responding have little to no credit, or are vastly under qualified with the income requirements.

Michigan avenue runs for miles & there's a vast difference in rent from one district to the next.

You're only given a certain amount and you can never make more or get it back.With your rental income being close to your monthly expenses, you're in a position that that the vast majority of people will never be in.

The vast majority will still pay rent.

WIth that said, finding 1.3% in those markets is vastly easier than finding 1% in AsheVegas. 

If not, you could be missing out on an array of potential Tenants.

The vast majority of agents are not good.

Truth is the vast majority live in a grey zone, as what's right for one person isn't right for every person.