Some work benches in the garage and a piped in compressor, a gas log in the master bedroom, defined place for a monitor in the kitchen corner (use your imagination).

Russell, my market is small enough that I've been able to monitor local home sales to determine what moves.

Water problems of the kind that require 2 sump pumps and constant monitoring are not going to make a good rental situation.

But unless the lot has direct access to roads and utilities will still be considered unbuildable, and the government may not issue permits until infrastructure is complete2: Roads and utilities are installed.

Firstly and most importantly know your risk tolerance level.Second know how to set and monitor goals in keeping with the above.Lastly understand maths, (I think you Americans call it math), and learn to leave your emotions at the door when you analyse deals.

Because of the way the deal is structured we are still under the insurance policy that he had in place (his is much less than we can currently insure the structure for).The manager has offered to put the set in his backyard (he lives in the single family home) so it can be monitored easily.What advice would you give me in this situation?

When you give them the notice that you're inspecting the unit, monitor your property closely to see if they're moving things out temporarily, or hiding things before you get a chance to see.

The less systemized your business and the less infrastructure you have in place then you rely more on the next guy having to recreate processes. 

I wasn't exactly sure where to post this but since it is for a MFP, I figured I would start here.I am giving consideration to installing cameras on the exterior of the property to monitor the front door, side entrance, back yard and front yard.Has anyone installed these?

For vacant houses I like having a monitored burglar alarm.