The two markets (commercial/residential) might not be identical twins but they are brother and sister.

Attorneys will always come in handy with contracts and also with legalizing yourself as an identity.

Yep, that's a lot of work.Building a site, who's sole purpose is to gather contacts (aka buyer's / seller's lists) without providing substantive content, IMO is foolish today, as most people are afraid of identity theft and scamming by phone or email.Just like membership here at  BP, contributors are the ones that get leads.

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?