You want to make sure the seller is getting their fair side of the deal but especially from a tax perspective, there are ways in which you can make it very lucrative for them.

I am looking to learn and grow from different perspectives in the real estate investing space.

@Calvin Graves thank you for your perspective and experience! 

Use this meeting to gather their perspective on the property and understand their goals before making any offers.Keep It Informal Initially: Avoid jumping straight into specifics about pricing or terms.

That puts things in perspective!

I'll echo Zach here a little to give my own perspective if it helps.- It's very difficult to argue about travel being a business expense if you're just going to look at properties, I would argue against it in a majority of cases.- Depends on what you're doing specifically, but usually I'd recommend getting an EIN at least to give access to business bank accounts- Repeating #1, if you're going to a property and 100% of your time is spent doing renovations and the like, sure, but if any of it is for personal benefit, that'd be disallowed.

A strong online presence and fresh marketing are how you dominate the market.

For perspective, the rent is $2,500 and the pet deposit is $500.

There’d need to be a lot of rehab work/managing that would require you to put in that many hours.From a financial perspective, it seems like the highest leverage way to keep buying more properties is leveraging your W-2’s and then being work optional.

I am also looking for tax optimization as the business will require cash reserves and is a high risk business from a liability perspective.