A wise investor will not try to get rich quick with shortcuts.

I wanted to gain insight about this market.How are you all doing cash flow wise, roi wise in this market. 

Just wanted to chime in since I did have some first hand knowledge and like everything paid training wise on BP there is a definite bias AGAINST and a thought process U can learn everything for free on BP and you should save your 9k and buy a 40k house in the mid west LOL.Lastly on the phone pitches and again to be as honest as I can be based on my experience.

Agree with everyone here, hiring a property manager will be a wise choice, especially for your first out-of-state investment. 

Now, I want to pay it forward by creating a step-by-step real estate investing course specifically for high-earning professionals who might be feeling the same pressures I once did.I know how tough it can be to juggle a demanding career and personal life while trying to invest wisely.

Yes NY is expensive but long term wise it'd perform better then any Midwest property.

I asked my accountant if I can deduct anything in the property like depreciation and he said since nothing is in my name tax wise I can't.

@Michael Plaks is spot on - character wise, 1099-R income falls in the same "bucket" as a W-2 wage would be, thus to offset this income with real estate losses, it follows the exact same pathway (ST rental with material participation or REP status with traditional rentals), but since you don't have all your time sucked up with a W-2 job, you have much greater flexibility to hit those related hours thresholds under those paths as well.No idea if he's taking clients - but if you are looking for local(ish) and qualified in TX, Michael is also likely a great one to reach out to.

My question is will those home builders put pressure on that gas station owner to improve their business appease wise? 

Then what do most STR owners shoot for cap wise?