In 2017, the costs to improve inventory will be added to the cost of the property and expensed as COGS when sold.Only items that will be expenses in 2017 will be things that don't improve the inventory (like a home office deduction, travel expenses, etc.).Keep in mind that there may be other facts I'm missing so be sure to talk with your accountant/advisor who has a full picture of your situation. 

It's between West 14th Street and West Arlington Blvd.I also will be travelling down to the area if I plan to actually make a purchase to see it for myself, but kinda wanted to get a very rough estimate prior to making the 4 hour drive.

This would not be in what is considered a vacation hot spot, probably more geared to a business traveler. 

Do you anticipate traveling maybe once per year to the location of the property to actually see it or resolve any issue related to it?

I invest out of state, and believe I'd be best off if I paid for 100% of my travel on my business credit card.When you have utilities on for a flip, and the house is in a trust, do you put the utilities in your name or the trust's name?

I think one of the reasons has to do with the proximity to LA and SD, it's just a couple of hours drive, which makes travel easier for large groups. 

I never travel to a property unless I reach the due diligence phase and intend to close on a deal.Also start reaching out to out of state brokers on Loopnet.com to establish and grow relationships with them.

I’ve been traveling for work these past 3 years but I’ve been saving money knowing that I want to buy a home and sublet out any attached units.

I have met so many people through places like Bigger Pockets that were local to my area (even met a colleague once from another state who reached out to have coffee when he was traveling into the area). 

I could work harder and be able to live a more extravagant life then the modest one my family does, but we travel, enjoy every day together, and know that we are masters of our time.