It also allows you to monitor anything unusual so you can jump on it right away.  

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.

It requires work upfront to vet potential business partners or investment funds but, once you've done your due diligence and trust that they will do what they say they'll do, it will become very passive where you just need to monitor things.

For example, if I put a device that monitors humidity above the drywall in the ceiling, would that be of any use? 

ok- I believe your impact fees (not permit fees) but rather the impact fees which are used to offset the additional infrastructure usage would be this below:1)  For school district:  (Depends on your specific district). 

Therefore, I am not able to monitor that the correct step has been made.

.)- It appears you're also across the country from this borrower and the proposed property so you can't personally meet the borrower or monitor his progress if you decide to fund the deal.All of the above just adds to the risk of loaning on this deal. 

But, right now they're investing a lot into the infrastructure, building up out-lying neighborhood markets, and expanding upon the tech industry growth that is bringing in an influx of young professionals into the city.Try crunching your numbers for a few properties here in Indy and see if they'll work in your ROI model.Best of luck to you!!

Will also monitor this post to see what others say. 

That should be evidence that people are monitoring what is happening and care about these forums.