All I like to do is being involved in the selection process on the front end as well as the closer monitoring for the vacation rentals.

Wierd to watch my Gps to say I'm further away as each minute goes by!

Curious to know if any landlords in California are monitoring which water and utility districts their rentals are in and carefully watching the drought?  

I do run several jobs at a time, but when I do, I put a foreman/lead/superintendent at site all the time and monitor them twice a day.

We found a spare phone, got it hooked on Internet, and it just monitors the house for us!

There is a way to make this work for you but know that it is not easy when you are new.I dont say this lightly, experience in your own market where you can monitor things closley in person while you learn this business hands on will allow you to better your chances when expanding.With that said..here is a way to go about doing it and this comes from my experience hands on doing this virtually.1.

Do you use GPS based applications or go old school with maps?

I have a team on island that handles most of the heavy lifting, but I plan on flying over every 6 weeks or so to monitor projects.Best wishes with your real estate journey - maybe we can put a deal together someday!

But the position-sized and stop-loss monitored momentum stocks have the capability of very high short term returns which I want to keep in a tax free account ($1,000 that grows by 1000% would be a hefty tax bill).

Constantly monitor the market based on your criteria.