Because travel nurses are typically on three month contracts, there are only four tenants per year; much less data to keep track of vs.

Specifically I like to track occupancy and NOI and income per door especially if it's a value add project. 

Also, I get an alert when the deposit is made (good for tracking late payments) and the online statements list their names that are on the card.

Also, your classification of the property as a rental has no bearing on the fact that you should be tracking your basis. 

Totally get what you mean but you seem like you know a thing or two; you'll be right on track

Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.

To access non-recourse financing, your company might need to show a strong track record with larger projects, substantial equity, or seek alternative lending sources like institutional or private lenders.Happy to connect and chat further if you'd like.

-AlexHey Alex, You’re on the right track with the 2 out of 5 year rule.

Thus you have spreads increasing (widening) even as rates are moving down.As I'm sure you're aware, the 10Y treasury somewhat tracks the 30Y fixed rate mortgage rates because the average duration of those assets has always been around 7 years (i.e., very close to 10). 

That makes “track record” an issue.