@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.

I finance with a local bank, that has historically been extremely easy for me to deal with when I have a property under contract and the numbers work.On to my question. while I am working on the details of this deal and trying to close within the next 30 days, I am also monitoring the MLS and other sources for potential deals.

How much time do you have to speak with the GC, go to the job site, check the receipts, monitor the expenses to see if you're still within budget, talk to the listing agent, etc?

If you build new, given what you have offered in your question, you will need someone to monitor the construction, this will most likely not be your agent.Also, keep in mind that building a house requires much different initial financing that buying a new home.