Simplisafe makes a basic but very functional monitored system for a reasonable price, and it's very easy to install.

I'm also adding "Washington," "WA," and "Minnesota" so I can monitor my home areas and my old hometown. :)

You can lose a lot very quickly.I would guess that any fund that is committed for the long haul is smart enough to monitor and adjust their strategy as they go.

If they don't have a maint crew (smaller PMs) and exclusively use contractors, the PM will often charge a 15-20% grossup on the contractor bill for handling it (getting bids, scheduling, monitoring).

Banks can and will refuse to renew performing loans if the bank has no appetite for that loan type when your renewal date comes up, or if the bank is under financial stress and is attempting to shore up its capital.And if you use leverage, I’m an advocate of closely monitoring the debt coverage ratio across your portfolio.

Keep getting bids and trying various contractors out..I like using plumbing contractor/electrical/carpenter/roof..that way your projects not tied to one person holding all the cards...I monitor my rehab closely.

Although if you wanted to sub-meter and then charge or monitor the usage you can do that but I don't see the benefit in that.

Additionally, you will have to strictly monitor the rehab budget as he comes across as the type who will overspend without any real thoughts of the consequences.50/50 may work here with you having the final say so over the decision making since it's your money and thus your risk.

@Matthew Marcley I have seen the Short term vacation rental take off in the areas and do very well provided they are monitored and kept up.

Also you can turn on and off the monitoring whenever you like without contract.