My calculator smokes.

Do not include travel expenses, extra hotel rooms, etc for your children, your children's nanny or other relatives, unless they are also involved in your real estate decision making.  

@Lisa Holloway  I think it really depends on what you want out of RE.If your just going to be a buy and hold you can basically do that one your own there is no mystery to buying rentals.. a really good RE broker will be all you need to help you, along with a decent lender.I think the latest craze is flipping ... either wholesaling or fix and flipping .. this is what is on TV and this is what get glamorized...And of course its probably just a tad glossed over that anyone can do this.. when in fact not everyone can.. just like not everyone can be a doctor or attorney or own a McDonalds etc etc.But are there rag to rich's stories from those that maxed out credit cards and made it .. you bet there are .. are there those that maxed out the credit card went home worked on it a few hours got some rejection and quit  you bet there is.I have seen it in the RE brokerage business.. the last 40 years.. this is a very tough business and it takes hard work determination and if your going to be in the flipping business usually some capital.And then many people have connections they can get private money they have deep pocketed family that will help them.. etc etc.And if I look at my 41 years in the industry I have paid far more than 40k for education licensing continuing ed.. travel to conferences etc. you have to invest in yourself and in your business.. there is only so many that can do this by reading books and on line and spend zero outside dollars to be successfulJust look at all the wanna bee wholesalers who run out there and spend thousands on direct mail when they have never taken one class in how to sell .. and really don't know how to close or what to do with the leads.. a good program up front would probably help many of those that flame out.. thinking it does not work.At the end of the day I personally believe you MUST spend some money on your education and further your business's .Look at top producing RE agents.. they have radio spots Bill boards with their pretty picture up there. all sorts of other paid advertising...

Hi I am looking to buy my first rental property I live in Tampa, FL and will travel a little for a good deal.

Has anyone attempted to evict over smoking in the unit?

I did not have much owner/tenant issue as my tenants tend to be someone making $300K a year and travel 60% of the time....The problem I used to have is that whenever there is a repair, I always want to do it cheaply, and the other owners always want to do it "right"....

I've also used the shellac based Kiltz (often used to cover smoke damage after a fire) with excellent results. 

Re: the travel mileage deductible expense, does the entity reimburse the owner?

The house is already smoking.

But since I am not a full-service property manager and most importantly, since the travelers' payments go straight to the client and not to them through me a license is not required.All of my clients have come to me via word of mouth or by referrals.