Property Management  - Reoccurring income - Less upside but dependable income typically.

Monitored or un-monitored, app integration on a smart phone, something like that.

Plus the amount of wastage is hard to monitor.

I finance with a local bank, that has historically been extremely easy for me to deal with when I have a property under contract and the numbers work.On to my question. while I am working on the details of this deal and trying to close within the next 30 days, I am also monitoring the MLS and other sources for potential deals.

One thing I find very misleading is that they seem to throw a lot of things into Capex, the 9400 series of accounts that I would consider Operational Expenses because they reoccur fairly often.

How much time do you have to speak with the GC, go to the job site, check the receipts, monitor the expenses to see if you're still within budget, talk to the listing agent, etc?

If you build new, given what you have offered in your question, you will need someone to monitor the construction, this will most likely not be your agent.Also, keep in mind that building a house requires much different initial financing that buying a new home.

If my tenant gets mold, I deliver a humidistat ($9) so they can monitor humidity levels and do something about it.  

I put normal reoccurring monthly expenses in my maintenance category, but I know everyone does things differently.

As such, local banks tend to monitor their loans on some regular basis.Not what I would really say is for the novice to play with.