Excellent post Spoiler. You're right, they controlled the whole thing and managed it intensively. The more property you have under your control, and the more $$$ you can expend on your management program, the more you can accomplish.
The perfect example is Dr. Woods' place in southwest MO, featured on his website. I was there when he bought the place, and it was sure enough CRAP! Yet a huge amount of effort, and a huge amount of $$$ spent, has turned that place into a showpiece for the region.
