Those successful are allowed to pay an upfront fee to the seminar company, and agree to pay ongoing royalties based on sales.  

It's an ongoing transaction, per se.

My philosophy is similar to yours in that I prefer the GP to be local to the area they are investing in and have boots on the ground on an ongoing basis.

We believe that to solve the ongoing challenges surrounding affordable housing, we need more units - supply & demand.Looking ahead, we have another reading scheduled in August to allow for 135 single-family homes.

LTR management in our area is usually 50%-100% of the first month's rent with an ongoing 8-12% of rent every month. 

I have kept the rent relatively low for this tenant for 7 years due to the ongoing pity story and pressure from the management.

However, it requires more upfront capital and ongoing management.

For anyone reading I am planning on going back through the original documents to see how I could have evaluated these better.

These are expenses incurred before your business is active, and they typically aren’t immediately deductible in full, as they are considered part of starting the business rather than ongoing operational costs.To provide more detail, according to IRS rules (as seen in the screenshot), you can deduct the lesser of $5,000 or your total startup expenditures.

I find real estate investing very exciting and it is an ongoing learning process.