This is definitely not the cheapest way to get leads, but it is effective. 

While I don't know the nuances of what my tax guy does with my records each year, effectively everything goes into your "inventory cost" or "COGS".  

@Tiffany Da Silva Your proposed banking structure is effective for organization and profitability.

Your write offs are also not effected, so you can write off miles also as an individual owner.

We’re upfront with sellers, letting them know we have no intention of buying the house ourselves but instead plan to wholesale it.This approach of honesty is so remarkably effective that we often don’t mention wholesaling until we've made the decision to wholesale rather than buy the property and flip it.What many wholesalers don’t realize is that by embracing honesty and transparency, success becomes exponentially easier and faster than by resorting to deception.With transparency, there’s no need to hide or pretend.

My market is slowing down.Would you mention this saying something to the effect of "I understand you are exploring other options.

If you want to generate revenue, you have to learn to be more effective.

Both approaches can be effective, but they come with different sets of considerations.Turnkey properties are often a safer choice, especially for those just starting out.

If you obtain letters of interest, you can exercise your option.

Is BP Pro an effective and/or appropriate way to find Buyers and Sellers?