An Excel file or other detailed record-keeping system would okay, as long as it accurately tracks your hours spent on real estate activities.

LTV & CreditEliminate the emotion and treat this like the business it is.In my opinion it does not matter who the borrower is as long as they have a track record of ATR (Credit)And I feel comfortable with the leverage (LTV)

For example, if she can't visit the property, is she good at record keeping (so everything is organized at tax time) or finding vendors, comparing product prices, finding free or low cost items on Facebook marketplace to improve the rental)3. emergency fund.

(I'm being a smart aleck) Records work both ways...a record high or low? 

Luckily in the sunshine state EVERYTHING is public record.

Has made my accounting and record keeping so much easier.

True, but (a) they were typically experienced investors, and (b) today's market includes record prices and high mortgage rates, which is a double whammy. 

One year should show a track record of the tenant to see if you want to deal with anything bad or good. 

Each note is reviewed individually and most note buyers will provide quotes once the transaction has closed, recorded, and the first payment made. 

Prior to issuance of the building permit, the property owner shall sign and record a deed restriction that states that the property shall be owner-occupied from the date of recordation as long as the JADU remains on the property.