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.

Monitored or un-monitored, app integration on a smart phone, something like that.

Plus the amount of wastage is hard to monitor.

You could offer to have a security system installed if the tenant doesn't mind you passing off the monthly monitoring fee to them.

Properties are then monitored in inventory (occupied, under renovation, listed, escrow) lots of moving parts to make it work.Thanks for the question,Jon

Monitor utility usage.