I know exactly how this company and franchise operates.

You could do much better with your money than doing out-of-state management in Scottsdale where you are going against some phenomenal operators.

Is there anyone operating in the area who can tell me if it's a good time to buy?

Natalie did a great job explaining the technical aspects of deducting BPCON travel costs, but her post assumes that an investor already operates their business, which you do not.

Keep in mind any premises liability, landlord tenant, contractual dispute with a vendor that performs services in CA will be  resolved in CA if that's where the real estate is owned and operated. 

I mainly operate in the Southeast part of the U.S. 

This creates a potential passive stream of income and a way to extend the lifespan of your coaching investment which seems awesome for your business model.Example: Ryan Serhant, advocates profit sharing (equity stakes) in deals that his coaches help close which takes you from coach to partner, and a model proven successful.Client View: Positioning yourself as a partner to their operation is a way for the client to understand your investment in their outcomes outside of the dollar signs involved, and shows them that you are coaching them in a way that provides long term success.

The most important thing to do is to find quality operators to partner with. 

Before or after you closed, did you go talk to the other three homes and let them know what you were planning and how you were going to operate? 

You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.