I’m not sure how the financing would work for such a move, being that I have 50k in student loans and 216k owed on the primary residence and work as a traveling nurse on a modest income.

This could lead to significant tax savings, especially if you're actively involved in the management and operations of your properties.Additionally, starting a property management company would allow you to deduct a wide range of business expenses related to managing your properties, such as office supplies, travel, marketing, and payroll (if you hire help).

I have had travel nurses, medical students, and military members stay for multiple months in some of my STRs. 

If I was master of the universe, I would require every opinion to be accompanied with examples of where the person actually executed that opinion in real life, with their own money. 

@Barrie HasselbalchYou could reach out to a tax attorney but with it being a decade ago I think he is going to be out of luck getting it reversedYou could have him execute a power of attorney to have someone act on his behalf while incarcerated and they could try and chase down the funds

I have a traveling nurse ready to rent  it “as is” too as an option. 4bed 2bath with 2 additional rooms needing egress in the basement. $115k 

You can also write off travel to and from the property and more.

I do not have the capital at the moment to invest into any type of real estate but i am starting a new job in August and want to develop a plan, therefore i can jump in and execute when I have the available capital. 

There are definitely pros and cons to all situations, you would just need decide what is best for you.Would listing it as a mid-term (traveling nurses, doctors, business professionals, contractors, etc) or a short term rental be an option? 

Its easy to map these things out on paper but hard to execute because its a hard business.