If I have easy physical access, I'd be tempted to be more directly involved.

Doesn't matter if the person is physically occupying the property.

Differences from one block to another can be significant, so physically being there and getting a feel for neighborhoods (coffee shops, walkability, etc.) feels important.

I’d also look at the physical asset itself.

Technology may make it easy to collect rent and handle maintenance requests from California, but it doesn’t change the fact that you’re relying entirely on third-party vendors to do every physical task.

Those functions are helpful, but they are only a small portion of what effective property management actually is.The most valuable part of property management is physical, on-site oversight.

They’re generally high-quality assets but may require light operational improvements or lease-up efforts.Key characteristics:Minor deferred maintenanceShorter lease termsSlightly higher management intensityModest value-creation opportunitiesExamples:A well-maintained suburban apartment complex with light upgrades neededA high-quality mixed-use property in a secondary market needing lease optimizationWhy investors use core-plus:Core-plus investments offer a balance between income stability and growth, allowing investors to enhance value without taking on full redevelopment risk.Value-Add Investments (Active Management & Forced Appreciation)Value-add investments require significant improvements—either physical renovations or operational changes—to unlock higher rents and increased value.Key characteristics:Higher vacancy or mismanagementCapital expenditures requiredMore exposure to market cyclesGreater upside potentialExamples:A poorly managed multifamily property requiring unit renovations to drive rent growthAn industrial warehouse needing operational upgrades or repositioning near last-mile logistics hubsWhy investors use value-add:For investors willing to be hands-on, value-add creates forced appreciation—not just market appreciation—often leading to strong IRRs and refinance opportunities.Opportunistic Investments (High Risk, High Reward)Opportunistic investments represent the highest risk—and highest potential return—category.

The physical address is correct, but the address on their website back end is wrong.

Site grades, floodplain, and utilities would be at the top of the list that impact the cost of 'physical' improvements. 2.

I actually came across a pocket listing just by physically being here.