Once again though, I have a very limited understanding of tax and liability laws and my example of what we are doing with the corporation is very simplified. 

At some point when I have drained all the depreciation from the lower end homes and looking to simplify my life by more cash flow with less properties, I will sell, put in a 1031 exchange and look at either higher priced homes in the suburbs or MF in Midtown.

I will give you a quick simplified over view.

It will simplify future issues. 

Interesting model and it does simplify their business.

These are the reasons industries become disrupted; companies like Carvana, Amazon, Redfin, and Zillow seek to simplify the user experience, capture the transaction, and consumers vote with their feet (or in this case, fingers).

Lender - HUD allows any FHA approved lender to do a 203k, even with no 203k education/experience; but it's best to select a lender with a lot of experience with 203k's. 203k Consultant - the lender selects the consultant; this is why it's important to select your lender carefully, b/c the lender is responsible for the selection of the 203k Consultant; to be a consultant, you basically need to be a home inspector with 3 years experience (over simplified) and HUD will put that person on the roster of 203k consultants, without any education, training, or 203k experience; selecting the best 203k lender will usually guarantee you a good 203k comsultant. 

In theory, it greatly simplifies future entity structuring and, if using my method of each partner using their personal entity to invest in the parent, allows for maximum flexibility. 

@Pete Tam Myself and a ton of other investors that I know in The Metro Detroit Area use Chris Moshier with Simplified Insurance- (248) 996-8904.

Are there apps that help simplify all of this.