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

Bottom line, if you're operating as a business you should be keeping business and personal completely separate.

I know exactly how this company and franchise operates.

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.

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? 

And is now larger than ALL of the US banks.Big name investors and billionaire hedge fund operators such as Bill Miller, Stanley Druckenmiller, Ray Dalio, Raoul Pal, now hold and / or are recommending it part of everyone's portfolio.