A majority of this country has no self control when it comes to saving money and monitoring (or making the tough decisions to improve) their financial situation.  401k, Social Security, even tax refunds are for people who have no control over their own urges to spend money. 

And monitor expenditures for materials on a per unit basis.

You would be wise to learn from local operators who enjoy success in the markets you wish to trade in and seek their guidance as to what drivers they monitor the most.To give you some guide, I am at present, after more than 30 years in this business in Australia, looking to enter the market in the USA.

By not discussing active deals, taking time to have those dialogues to establish knowing your customer and determining suitability for these types of private placements, recording these conversations (CRM tool), its a process and important for the investor as well as the sponsor, which also helps support any future regulatory reviews.Lastly, I will note that the deals should be presented to investors from the issuer (key principals w/actual roles separate from mere marketing / selling the deals) or licensed reps of broker / dealers who can market these types of opportunities, take qualification exams and are heavily monitored, regulated.  

Fez.There is a common sentiment that social media is helpful but monitoring, getting qualified lead sources ("where did you hear about us?")

You've got to do title search beforehand, only drive by and visually see the property from outside, as most of the time they are occupied.consistent monitoring through auction day.

Monitor and inspect on a regular basis, but try not to slow them down.Have a contract for each job and put some detail in it.  

Along the way we learned that Dover does not monitor ADUs and their specific usage (although that could always change in the future.)

My management companies handle this, but nevertheless I'd like to hear a third opinion: How does one monitor move-out in these in-between cases?

Usually these things have a way of starting in the West and moving their way east so I'll be monitoring West coast real estate very closely as we close out this year.