I currently live in the MA Cape Cod area and prices are too high for me to invest local so I plan on going out of state.

Should I just form another company that owns all of the real estate LLC's and put my travel, personal development, business training, etc. expenses in the parent company?

Not the other way around.Look for a brokerage that offers a lot of training and hand-holding when you start out. 

when at garage sales, I bring a book to read at appointments that run tardy or at the shop vs browsing my phone, I lift/do work before gym class starts vs just waiting by the door, I talk to the older folks after their senior circuit training, I listen to podcasts in bike class vs the same old music offered, I sweep up and clean up after myself on service calls and usually address something else while there, I smile and listen and am genuinely curious about the other person in conversations, I have no consumer debt or shiny new toys or gadgets, etc.

Have the furniture and such appraised and sold, or keep what you like; clean, fix, update, and then sell that bad boy.The other ideas are all well and good, but require probable rezoning, permitting, licensing, ongoing inspections by several government agencies, and a willing operator that OK being tied to the place to begin with.

@Victoria Ledgerwood I attended the training for this company associated with Scott and Amie Yancy and it was an awesome experience.

Of course the project involved adding a masonry addition to the rear of the building within a few feet of an active Elevated (Chicago "L") train line.

My train of thought is, I'm thinking that I'm going to use this investment property now as my primary residence and my current home as my second home since it is about 100 miles away from this property.

The biggest flaw in my thinking that I struggle daily to change is the result of the intense training that schools gave us to trade time for money or, in other words, be an employee who makes money for other people. 

You have to do your best due diligence on expected repairs and CapEx.Since they are rentals, any and all existing leases must be reviewed along with all ongoing service agreements.