Additionally, you will have to strictly monitor the rehab budget as he comes across as the type who will overspend without any real thoughts of the consequences.50/50 may work here with you having the final say so over the decision making since it's your money and thus your risk.

Although if you wanted to sub-meter and then charge or monitor the usage you can do that but I don't see the benefit in that.

Keep getting bids and trying various contractors out..I like using plumbing contractor/electrical/carpenter/roof..that way your projects not tied to one person holding all the cards...I monitor my rehab closely.

Most lenders do monitor for early payoff.

I will partially take the blame because perhaps I should have been monitoring things more closely albeit I was in the middle of several other things across the country, but I felt as the realtor, that was his job.

I suggest typing "Atlanta" or whichever suburb you are interested in (its good to find a neighborhood that's convenient to you so that you can monitor your investment) in the search box and seeing what comes up.  

I live 100 miles away, so I am not there to closely monitor the property, but have given them notice (via email, text, facebook) that I will be coming to inspect the house- with no response.My question: Do they have to break something specific in our lease contract to be evicted-or can I start the eviction process after I've given them a 10 day notice to remove the truck and maintain the yard (that part is in our contract).Also, I am going to the property tomorrow to inspect, do I have the right to enter the property even though they have not responded to my 24 hour notice?

Monitor the legal news and have a subscription to the Foreclosure listing service.

I would add: Monitor the resultsDo follow upsReview the policies and change accordingly

I was monitoring mls 24/7 for something to show up close to what I'm looking for.