You do the best job you can to screen and place, you monitor, inspect and hold tenants accountable but at the end of the day you have zero control over the outcome.

And the investor should be doing the same by monitoring work progress and having a rep check in from time to time.Too many times have I been burned for tens of thousands of dollars.

,successful out of town flipping requires two important people,a trust worthy general contractor to do the work on time and without supervision and a real estate agent who can sell the property as well as monitor the construction phase every few days to double check the quality and completion of the work.You need to establish your "Power Team" before you go looking for properties so everything goes smoothly from beginning to end.

Check out this thread, and click "monitor topic" to stay in the loop:http://www.biggerpockets.com/forums/86/topics/97830-anyone-interested-in-a-central-florida-bp-meetupWe are meeting Saturday the 21st at the TooJays Deli in Waterford at 10am715 N Alafaya Trl, Orlando, FL 32828Any questions give me a call or ask in that thread for Central Florida

I have some property coming up that I would consider for this program if the monitoring provided is sufficient.

Yes, for the most part, Qualified Intermediaries are not licensed, regulated or monitored by any government agency. 

Just search on-line, you'll find a number of products.Hi Danielle , are you using the Flume device to monitor water consumption to bill tenants ?

With tenants in place it always seems to be a matter of working around their schedule, making sure you're monitoring what is going on when others are doing the repair so your tenant does not come back later complaining that something "walked" while others were in there doing the repair. 

Mathematically, paying one extra mortgage payment a year for 30 years offers significant savings.Look for a PM that can pay you electronically, if not, mobile deposits bank app.Venmo and PayPal.Always monitor your DTI.Keep LTV under 70%Accurately Reporting Rental Income: Some people repair as much as possible to expense as much as possible, in order to reduce their tax burden.

There's usually some good locals that monitor those forums and I bet you would get some good responses there.