I don't consistently track my cap rate, ROI or net worth which I'd like to do more of.

Lesson from Radiant Young Adults night in Tampa – "Staying Power"Last Thursday's session reminded me:- Stay consistent- Play the long game- Consistency always beats periodic bursts of intensity- Consistency might feel “boring,” but that’s where growth happensStay the course!

Padsplit is a topic of discussion also (STR room rentals), but I think LTR's are a little more consistent with income and a bit less work.

@Grace Norton adding to what's been written already, you'll want to get a 2-year work history for both.To consistently pay rent, requires consistent income, which requires consistent employment.Pretty simple concept!

One upside to me would consistent rent scale, meaning if you upgrade one unit early, you set the table for all of the units when done because they are all the same.

The main issue is a consistent lack of effective management and oversight.

@Zachary Sakena Purchasing properties through an LLC is all you truthfully need and that is more for business planning than anything else (if you consistently follow through on the items I previously shared). 

It has been doing well renting consistently. 

See how is renting and how much they are renting along with consistency!

Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.