Much more so than by cutting corners and saving $500 on XYZ DIY job, so finding it cheap means you can save more time and spend money in other areas.

im not an expert but i have looked into this before. while the requirements arent super clear, seems there is something about you must "sleep there" for so many days a year, i want to say like 10 or 11 months. that being said, if you make it your legal residence, to include mailing address, etc, and dont rent it out long term, i dont think you would have any issue. its not different than buying a personal residence then traveling for work 200 days a year (which i did). 

I’m traveling there in Late November and would like to start interviewing.

Our business plan is to focus on on our current markets of course, but since we have the system and love to travel to different parts of the country throughout the year, I'm interested in what locations or hidden gem areas I could be looking into. 

Of course it all depends on the neighborhood, not too cheap but don't break the bank! 

I have separate bank accounts for personal property, LLC1, LLC 2 and Holding LLC.My question is around non-property related expenses like traveling to scope out new markets, home office, supplies for the office, legal fees, professional services etc. 

However you will be busy traveling and even having read the book you ill be inexperienced.

Nothing is worse than having to dig through a bunch of personal accounts to find the stuff you need to books financial statements together. 3) Use a real accounting system (Quickbooks counts, you're good here)4) Get trained on your accounting system (bonus points if you can get training from someone that you can outsource to later)5) Get even more cash flow - outsourcing usually starts around $200/mo and that's the really, really, really cheap stuff.

But if you are not that concerned with cash flow I think it would be a good investment paying the mortgage down, while it appreciates for a lot of really cheap equity over time.

Most hotel owners know once there is consumer confidence with a vaccine, there is going to be a massive surge of travel so even owners with distressed assets are trying to keep them alive because unlike the GFC in 2008, there seems to be a more clear end to this recession.