Account ClosedAs an independent contractor, you can design your business any way you wish.

Even though the property is very cheap, I dont foresee much appreciation and would bet on a high hassle factor. 

Hi,When evaluating a deal out of state, how/where  should I be factoring in travel expenses  (if at all) into the deal analysis?

@Ted DavisYour wife may be entitled to the home office deduction if she uses the area regularly and exclusively for her business.Items that go into the deduction are rent(depreciation, mortgage interest, home insurance, real estate taxes if you own), utilities, etc to calculate the home office deduction.It can be a big deduction so many sure your accountant factors that in.

I live in fort lauderdale, I wholesale full time properties through out Florida with one of the larges wholesaling firms in this state, and as part time ( I guess more as a hobby) I design Italian Kitchen cabinetry for projects.I love you contents , I am here to learn more and more and become more.

(Income approx 130k)I can qualify for Freddie due to 'high cost area' designation, but I cannot have ownership interest in other properties.  

Our attorney did not alert us to this factor which would have greatly influenced our purchase. 

I also factor the insurance, hoa dues, garbage collection, snow and lawn, utilities, advertising, maintenance/repairs, CapEx, and property management.

that was my worry about selling too soon, and the only way i can see myself breaking even would be to do a for sale by owner. i didnt factor in the benefits that might come from prospective lenders should i choose this as a rental, so this may definitely sway my decision. you are also correct in that one area i was initially looking at for properties is in Aurora.

Time is a big factor when it comes to this kind of thing.