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.

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.

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

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. 

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? 

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

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.

It feels to me that anything with negative operating leverage is just a non-starter.

The goal is to be an investor, not an owner operator.

Through an established network, I hope to facilitate connections between buyers and key professionals such as lenders, tax advisors, attorneys, property managers, and contractors, ensuring a smooth and successful investment process to the best of my ability.If you're active in the Raleigh area or surrounding regions, I’d love to connect, learn from your experiences, and explore ways we might collaborate in the future.A bit about me if you're interested -Originally from Cleveland, OH with an established career in Casino Marketing.