I think the key is closely monitoring the senior lien to ensure homeowner stays current.

I understand the benefit of "check book control" but am a bit intimidated by the need for an operating document and the risk that an audit would determine a payment disallowed and my IRA standing suffer.I've bumped up my Personal Umbrella policy to a 2x multiple of my net worth and like the comfort that I have a custodian monitoring the transactions.Most of what I've read speak to the business benefits of the LLC, where you earn, spend, then tax vs. traditional earn, tax, spend and I certainly appreciate how the LLC would be beneficial outside of the IRA.I am sure I'm missing something...

Any monitoring on this stuff?

Wi-Fi enabled sensors will soon be embedded into nearly every product so "owners" can monitor the data the object sends.

Additionally, we monitor property taxes to insure payment.

It takes quite a large difference to be considered fraudulent.A moderator is someone who monitors posts and encourages community involvement in the boards.Offline, I'm a full time tax accountant.

That said, I wonder how many are monitoring what it said about them on Bigger Pockets??

The tax sales are distressed properties you can pick up for pocket change, and if you have a crew to do the work you monitor the gut/rebuild.

Everything I own is in Southern California, which is why I'm a strong advocate for monitoring the cycle and buying when there's blood in the streets, and avoiding buying near the top of the cycle. 

I was told multiple times that I was approved which was odd because I knew they didn't even look at my credit (I monitor my credit).