Regular, period monitoring is a good idea.

I guess an appraisal will be my first move, Maybe I can get the ball rolling with that.I dread using my 401k to make this property produce some cash flow, so thank you, all, for the great input.I will continue to monitor this discussion, for more good ideas.thx again.

If I have a new tenant that I am wanting to monitor them for the first few months, I will make arrangements to pick up their rent. 

I'm monitoring the benefit and will likely be a Pro account soon

As for why GPs love IRR.

They monitor the VA scraping to ensure they are doing their part for us to be successful, and they have done this.

Do not make the minimum monthly payments because there is a computer algorithm that is used by the credit bureaus that monitors this so even paying a dollar above the minimum monthly payment helps your credit better than just paying the minimum.  

Actually have used it...and like you said...I have the same fear that subs may not want to adapt...maybe I try it along with a large monitor for chat...we'll see. 

There are usually some good, local investors that monitor those forums.

Monthly holding costs for 180 days (giving myself lots of time to do it and learn) - $1668.00 (includes electric/cable/alarm monitoring/water/trash/insurance/lawn and snow maint and 5% general maintenance figure).