For the most part all you do is monitor your bank account.  

I work with these two:Metro Detroit Property Management - Mark HutterNHL Property management - Howard GenserThere are a tonne of companies and each one has had good and bad experiences, so no one in particular stands out.One part of the equation is that the Detroit market itself is a tough place and is not for the novice investors.Only seasoned and large volume Investors make it successful in Detroit.

For a first-time investor though, I'd seriously consider starting with a turnkey duplex.

It took a lot to comply with their permit expectations and was frustrating and time consuming.

@Ben CallahanCheck out markets that can fit with your lifestyle, time, and energy.

@Krystal Stone I would be sure to check and see how many clients (youth) they are planning to house at one time.

- If the Association Fees are regularly increasing or the Association is poorly funded - SELL.3) How much of your TIME do you want to invest in all this?

Then, I spoke with several acquisition managers with very limited knowledge on how to evaluate a deal but this time, the company they were working for was sued by multiple homeowners for fraud.

You'll definitely need more time to get things processed.

Congrats on your success so far.Some random thoughts for you:- It might be difficult to tap the equity in the rental at this time given the current state of interest rates.