And you have to be monitoring if they pay the taxes or not as a note owner.

Monitoring what has been done, in case something is wrong, who solves it, in case there is a need for an emergency cash, who takes care of it, in case that problem needs to be resolved within an hour, how do you handle it?

I would calculate annually ALL of your expenses including monthly reoccurring bills, annual bills, and purchases you want to make.

@David Dachtera I have been monitoring past unsuccessful bids and have yet to find a pattern.

Anyone have any advice on the best way to monitor the rental unit to make sure they are keeping the property in good use.

:I have been watching a large C MFH management company in Phoenix...daily...And yes, vacancy is going up.... slowly....Personally, I think it is only the beginning of a new trend I'm curious as to how you are able to monitor this daily, if you are not the owner or the management company itself?

There was a podcast that aired sometime in the last couple months where Brandon Turner had mentioned an app that you can get that monitors how much you're using each app on your phone.

If you're paying for the utilities, I would advise getting a third party to monitor them so you can charge it back to your tenants.

The police know where fenced merchandise is often taken for resale (craigslist, Ebay, and so forth) and have officers monitoring these sites.

@Daniel Haberkost what you mentioned that your friend does definitely makes it a lot easier yet still requires manual monitoring if tenants overuse.. so was wondering if there was some other technique people who house hack or who have rental property use to just automate that whole process. ... not sure if it’s just not that big of a deal..