Once the property is at least sustaining itself from the short term rentals I can start building out more of the permanent infrastructure like more beautiful walking paths on the property, look-off areas and a dock, not to mention a well to make it easier to maintain and service the rentals.

Then you add the art to the science and consider things like your job stability, property locations/demand, commission/salary, children/spouse or not...plus just your ability to sleep at night and add those to the equation.Good question and a good exercise to monitor your personal balance sheet regularly.  

Property data and financials along with borrower financials to review to reestablish credit worthiness and the constant monitoring to ensure they make each period payment.

@Patricia Franciulli I have been monitoring our inventory for all of this year now, and I agree with your assessment that the market is getting softer, inventory has doubled since March 2013.

He has to show proof that he has capacity to sell or encumber the property.If he is the sole heir he still needs to hire a probate attorney to help him monitor the process and follow the probate court-enacted guidelines.Last thing the wholesaler needs is to appear before a judge for a real estate fraud charge.Use caution, Mark...

depending on your lease agreementsif everything you desire for the tenants to follow are not in black and white with there signature then you are involved in a he said she said scenario, in reality you still areif you do not have a property manager to monitor your building then I would not be surprised they are even growing dope in ityou can raise the rent and force them out by proxy or you can get a property manager involved to oversee your placethat is part of the many problems to be faced owning off site rentalsenjoy

Simplisafe makes a basic but very functional monitored system for a reasonable price, and it's very easy to install.

I read in different groups and forums the posts of locating notes & the mechanics of the note, however my questions are more basic than that - what infrastructure should I have in place (such as I've heard that I need an 800# & that then I don't); what type of business entity as I start out; software and hardware needed; to what services should I subscribe or be looking at as I grow?

I'm also adding "Washington," "WA," and "Minnesota" so I can monitor my home areas and my old hometown. :)

You can lose a lot very quickly.I would guess that any fund that is committed for the long haul is smart enough to monitor and adjust their strategy as they go.