A friend's single member LLC is purchasing an out of state property to improve, rent, and eventually sell for a gain.

I have an opportunity to be an investor in the property, via an unsecured business loan from my LLC to his for, say 20% of the purchase price. This loan would meet minimum interest requirements and could be payable annually, or rolled into the agreement each year as an incremental investment, avoiding a cash inflow, but still constituting interest income during the year.

The property would remain completely under his name and responsibility for improvements, property taxes, rental, etc.

Question: Can an investor deduct the normal allowable travel expenses to inspect/maintain the property even if not directly in the LLC name?

Thanks to all for any thoughts....