Make sure you monitor your credit score, keep it above an 700 as much as possible. build up as much cash reserves to say $20k or so just to let the bank know you can hold on to cash and manage credit.

If you want to research where the water is going they sell devices that can track water going through a given pipe (to each unit) and allow you to see who is using more or even to use it to bill the cost back to the tenant.Streamlabs Smart Home Water Monitor with Wi-FiWhen landlords pay utilities, many times their costs vary depending on the number of occupants.

They can follow up with guests about bookings or check-ins/checkouts, answer phone or online enquiries, call repairmen if any repair is heeded, manage cleaning staff or runner schedules , share room access codes with guests, monitor hotel premises for suspicious activity etc.#2 Install wifi or bluetooth based locks to the units/rooms so that your guests have time stipulated acess to the unit/room#3 Install outdoor security cameras or doorbell cameras (if possible) to monitor hotel outdoor premises via online.#4 Hire a runner (like a college/high school student or young guy in search of part time job who charges reasonable hr rate) to inspect the room after the cleaning staff cleans the room or you can ask cleaners to tickmark the check list , share photos/videos of the cleaned rooms and share them.

Condition the loan on permission to monitor his other mortgages for new arrears appearing after reinstatement.

I have been monitoring the MF's and SFR's in the area.

I’ll be monitoring this thread as I’ve never done this before either.

I would put in low flow toilets, high efficiency everything and maybe some kind of water meter on it that you can at least monitor usage by pipe.

I also created a trust that monitors everything.

You'll likely have to deal with drama amongst tenants, monitoring the utility bills, lots of turnover, and the occasional police phone call.

Monitor your income and mitigate expenses.