I like to monitor top 10 lists and compare the in-migration numbers.

Additionally, keep an eye on the local economy and any upcoming developments or infrastructure projects that could impact property values and rental demand.

Idk, i can buy 2 condos in miami for that..I talked w locals, the problem is the infrastructure.

As are cellular towers, fiber, the internet, the local gas station, vape shop, computer monitors, keyboards, search engines, and just about everything else you can imagine.  

Some items I think should qualify, such as: time spent monitoring rehab progress/talking to contractortime spent talking to vendors & placing orders time spent talking to PM/CPA/attorney regarding my properties;time spent reviewing statements/invoicestime spent preparing mortgage application,  tax filingtime spent writing contracts with contractors, PM, equity partners etc Some items I'm not sure.

@Ed O. ...sorry for the delay, but yes regarding the reservation process (if you haven't already solved) - this might not apply in your case or state, but in our case because we were putting in infrastructure (new road) and had over 14 lots, our state law forces us to act like a new subdivision in terms of State Attorney General office registration, which is a real pain, but supposedly is for consumer protection.

I have a smart thermostat installed so I can monitor the usage also.

How are you going to monitor the home?

To maintain profitability, it's essential to carry out in-depth market research, closely monitor remodeling expenditures, and do due diligence on prospective properties.Preliminary Advice for First-Time Investors:Become knowledgeable: By reading books, listening to podcasts, using internet tools, and connecting with seasoned investors, you may keep up your real estate investment education.Start modest: Start small and increase your investments gradually as you acquire confidence and expertise.Network: Make connections with other investors, real estate experts, and mentors who can offer advice, encouragement, and insightful perspectives.Make a good plan: Make a thorough investment strategy with precise objectives, deadlines, and exit tactics.

Research local development plans, job markets, and any upcoming infrastructure improvements that might positively impact property values.Verify the terms of the existing lease on the rented side.