We're joint on that account with him so we can monitor the activity but we don't actually receive any funds in our name on his behalf.

Bigger Pockets has some great state forums and usually there are good locals that monitor those.

I will angle the conversation as “I need to monitor the work to make sure I know any building issues that arise and so I’m on the same page with you about where we are up to”.Is there anything I’m missing, like I’d be in breach of some labour law etc.

Bigger Pockets has some great state forums and usually there are good locals that monitor those.

The GPs manage all aspects of the deal from the initial due diligence before the purchase, through the sale of the asset (typically 5-7 years down the road). 

This will better develop your understanding of the market and what it takes to succeed (or fail) in different asset classes.With a fund, it's much easier for the GPs to pivot and change course.

I have family members in the aviation industry and they’re monitoring flight loads on certain routes and seeing the number of open seats increasing by the hour.

Mine can set door codes, message (or call) guests, schedule cleaners, adjust the thermostat, monitor my cameras, & call a plumber just as easily as a local PM can, for 1% of the costHire good cleaners, a solid handyman & befriend some helpful neighbors.

Not really, but can certainly keep watch/question/monitor how it is being managed, now that the lesson is learnt. 

I just bought a property where the previous owner has purchased a termite baiting service that is monitored 3x a year for $275/year.