Homeaway not so much, but that's fairly easy to do.Brevard also checks in occasionally on safety stuff like fire extinguishers and we maintain our wells with water quality checks every quarter, I've never been asked by Brevard to produce them but we have them anyway.

We need 2-3 consecutive quarters to able to start defining any market trend and we are now at that point where my data in many areas throughout LA and Ventura show the past three quarters of downward price trends in list and sale pricing and increasing trend numbers in supply and marketing times.  

Do you want to be somehow hands on, learn and eventually spin off on your own or do you want to just remain passive and collect the checks quarterly?

My PM initially did 10% of gross rents collected until around the 10 unit market then we started lowering a quarter point here and there for each additional set of 4 or 5.  

might want to replace the hose gizzy with a nipple and a quarter turn full flow valve.

Will they agree to disclosing and reporting updated personal and business financials on a quarterly and years basis? 

When I started investing in syndications, I pulled up the quarterly transaction reports from the big brokers (they list all transactions, not just their's), and looked at who the buyers of B and C class multifamily were.

Maybe you want to have a quarterly call, or a even a monthly call.

Make it a rule to review/revise/update it at least once per quarter (or every so often) to keep up with new situations.

I closed my first BRRRR deal after a quarter of the way through that book.