The case to support that is the abundant and reoccurring theme of treating loan investing like real property investing.

Interviewing them properly, physically visiting their offices, and monitoring their performance are all a must if you want to insure a successful investment.

In addition, I use certain modern tech tools to automate pre-auction research, servicing of liens and monitoring portfolio.

As soon as one decides to scale, or just be passive in their rental property investing (as it is implied to be), they will have to put a team in place and have a system to acquire team members & monitor their peformance.Out of state is better for the person who's in this for the long haul and wants to grow IMO.

They look like "Dumb" thermostats, and I would guess that 90% of my guests have no idea I monitor their set points throughout their stay. 

Monitor and Adapt: Continuously monitor the market and be ready to adapt your strategies as conditions change.

to inside of building,, I know this is probably not reasonable but just a thought. cameras aren't worth the hassle in this type of situation unless you can monitor them. 

If there is a mortgage, hoa or other reoccurring  expenses I set them up as automatic payments.

@Joey Mitchell I'd also be considering how easy (or difficult) this property is to manage.For instance, if high-quality tenants are easy to find, and the property presents minimal headaches, I'd be more inclined to keep it...and the opposite if it's a pain to manage.You said you had an eviction--do you think that was a fluke, or something you can prevent, or is it likely to be a re-occurring problem?

The IRS requires this (I believe), since they can't be expected to monitor all foreclosure notices and comb them.