When I drive by the house it doesn't look like the tenant is making any progress towards moving out either. 

A GC will typically have a google folder with photos to update you on progress but nothing beats physical quality control inspections.

These monthly updates will include information on the latest occupancy and progress on the renovations.Every quarter, you will receive a detailed financial report on the property, and every spring during tax season, you will receive a Schedule K-1 for your taxes, which will report your share of the income and losses for the property.As your projected hold date approaches, the monthly information you receive may include information about a sale.

A few good fundamentals when evaluating new markets are; job growth, rent growth, job diversification and population growth.

That way in case things go terribly wrong with Tenant 2, you can re-evaluate plans on Tenant 1.

@Crystal SmithThank you for the feedback, I know that everything takes time.The first step in this progress is to learn as much as I can, so I will not rush :)

Update this thread with your progress

I'm new to taking action with REI and am willing to step forward, fail, learn from failure, and progress that much faster.Edit: Also, if anyone has any recommendations to make the deal analysis more efficient, I'm all ears.

Simply writing it down and making adjustments as you progress is all you need to do.

From the story above you can tell that was a huge part of my progress this past year. 2) Use the tools and resources at your fingertips - Bigger Pockets has been a very big part of my knowledge base.