It won't affect your score long term at all.The only potential risk is that your creditors monitor your credit report. 

On my JVs, although its not for a rehab deal, but for construction, I define net profit first, all income less all expenses, then profit split, dedicated joint checking account on both companies, monitored by a third party bookkeeper reviewed by cpa, little expensive and unnecessary expense but keeps the lawsuit away.

How should a smart REI monitor the PM?  

He will monitor the progress guiding you towards success because some people understand that creating success takes more than one play maker.

Although I would not expect you to pay for compaction testing/verification, I would make it a point to monitor the backfilling operations and direct the excavator to recompact the soils in to 6 to 8 inch lifts coming back up.

Lots of options on the market now for remote monitoring and tracking, though not sure how accurate they are versus traditional sub metering.

In an ideal situation, you will monitor the cracks over a period of time to determine if active movement is happening or not.

We basically hire and monitor the contracts and progress of local contractors to do work for the base.

Some use security cameras to monitor their properties from another state.

I just saw it today, I thought I was monitoring this topic and didn't think anyone replied since I didn't get a notification.@ Ben...I did the same thing with a couple other agents and they weren't investor savvy.