They monitor the meters remotely, and send you and the resident a statement on the 1st of each month with the resident’s W/S/T usage and charges for the previous month.I use their Model TSN1 - PVC Meter which currently costs $95 each.Each building also needs at least one router which currently costs $195.If you have your meters in a centralized location, you only need one router but if the meters are scattered throughout the building, you may need multiple .There’s a monthly $6 fee per unit for the monitoring and invoicing.If you decide to give it a try, feel free to use discount code msam10 for a 10% discount.If you have any questions or comments feel free to reach out to me directly.And if you need to buy a building to put Sub-Meters in, I’m happy to chat about that as well

It also allows you to run cashflow reports so you can monitor your overall cashflow across all properties.

The vast majority of time what one get's is a big reoccurring operational expense to match, negating the whole pipe-dream of that big cash-flow. 

Continuously monitor and adjust your strategy: Keep track of your expenses, rental income, and overall investment performance to make informed decisions and optimize your house hacking strategy over time.

The way the market is right now with higher cost of capital is local banks and credit unions are much more likely to be monitoring loans that fall out of compliance and calling them due.

Get a good lawyer, pay him to monitor your communications and work with listing agents directly so you're not making rookie mistakes(they'll charge a flat fee or like 1-2 hours so nothing egregious). 99% of "investor" friendly agents are not that, they're ****.

If you all don't move in I'd install locks on the doors to empty rooms with cameras you can monitor remotely, you don't want them moving in any extra people or having extra space to damage.  

I have been monitoring the market for the past 3 years, and watching prices almost double. 

What are some of the best real estate low risk strategies investing long distance/ Out of state that can produce reoccurring income?

Late payments, while a concern to carefully monitor, are not necessarily a bad thing.