But please, I’m not criticizing.

Your burn rate is extremely critical and the reason why is because the amount of money that you spend daily to carry that asset or that home can eat away your profits so as an example if you factor in your monthly payment on interest, your utility bills, your internet bills if you're monitoring via camera if you factor in taxes and insurance HOA fees these are all things that add to your burn rate.

Even more critical when you are operating an investment from a remote location. 

However, for a high-end modern home, I need to be there every week and during critical times of construction.

Hello Fellow BPers,Just need some reassurance, constructive criticism, or to be told I'm an idiot.Currently I own 2 rental properties, here are the breakdowns,3Bd, 1 Ba Located in Ogden Utah:Market Value 320kAmount left on loan 59kCurrently rented and cash flowing 1200 a month2Bd, 1 Ba Located in Wake County North Carolina:Market Value 185kAmount left on loan 105kCashflow 800 a monthCurrently living in North Carolina and plan on staying here, sick and tired of making 16 bucks an hour cooking, I have 2 kids and just found out we are having a 3rd so I put my two weeks in and want to dive more into real estate.

Unless otherwise agreed to, a landlord may enter at any time that is reasonable and 24 hours notice is not requiredIt is interesting that no one has bothered to ask what state as that is very critical information in regards to entryI do not agree with some of the advice above to alter the property by installing a device or adding a lock as that almost assuredly is not allowed. 

I take harsh criticism be completely honest with me.

Finally, you might already be aware, but timing is critical for purchase and rent/renewal at aTm.

There of course are many other steps that you can/will take in this process, but this is the first critical ones.

It is critical to vet the sponsor appropriately to be a certain as you can be, that they will deliver the results they show in their pro forma.