A good way to learn is to hire a PM and monitor closely, or live in your first rental, it exempts you from many fair housing laws and you have eyes on the property 24/7 while you learn and streamline your process and policies.

We do monitor and find them extremely valuable feedback for improving our software.

Administrators insist that tenants care for their homes and monitor compliance.

Because repairs and renovations take so much time to shop, coordinate, monitor and document, we do charge a markup for them.Unfortunately, greed is nonstop with owners and every owner wants everything included in their monthly management fee and no other charges.So, many owners set themselves up to get screwed by PMCs that claim they don't charge markups - but NO SURPRISE they do!

A couple downsides on this one: previous landfill (looks like I'll be using some of the skill I learned on our ROC brownfield development site), currently HAS 6 DEP wells for monitoring ground water, though I'm not sure if they are active.

Monitor it closely.  

The on site people at a complex are going to do the day to day work, and the "property management" line on the expense line are the ones that set and check budgets, hire/fire, create tax forms, monitor legal filings, etc. 

I guess my definition of a mod would be someone who monitors the forums, clears out spam, helps encourage discussion, and welcomes new members - making sure things are flowing and running smoothly.

The very definition of cashflow, revolves around the concept of reoccurring income.

I like it - especially the benefits to monitor not only one's self but the forum in general.