Even a good manager needs to be overseen, met with in person, and I like to put eyes on my rentals fairly regularly, since it is my money on the line. 

Once you open your eyes and try to move from the left to the right side of the quadrant, you then want to protect what you have. 

I don't know that I'm necessarily the right person to listen to (it's in the eye of the beholder) but I'm just commenting of subjects I know, I try to give comprehensive unbiased answers whenever possible and I'm trying yo help.

The challenges we run into is trusting the realtor and the realtor's inspector to fully disclose all the problems with the property...to basically be our eyes and ears.

i'm keeping an eye on all of this stuff but i don't know what's going to happen. 

Eyes wide open acceptance of the risk is needed. 

I spent 25 years as a banking executive with a focus on real estate lending and special assets and this gives all of us who work with investment groups a black eye. 

I am currently working with an investor from California who just finished up a flip here in Oklahoma City and we've already got quite a lot of eyes on it within 24 hours.

There will always be more risk with something vacant, you're probably going to be counting on one person as your "eyes" on the project (or at least for "security", overall)- and the more hands on/ closer they live / able to visit site frequently, the better. whether that is your gc, a project or property manager, or your handyman/even yard maintenance guy, neighboring teenager, or whoever- this person is key

She also keeps an eye on things while learning a lot about property management.