The IRS has become a poster child for the problems and abuses endemic when government gets too big.It is time to simplify.

This a little humorous and really simplifies things:I found this from Alex Joungblood's Wholesaling Houses Full Time Facebook Page.

If the properties are in separate LLC's then the liability would be 'contained' within the LLC which owned the property which ended up with a judgement.It can be a little scary thinking of all the "What If" situations but as I said, for the most part your insurance will handle the majority of the liability issues.If you put all the properties into one LLC, you can simplify that down to one bank account, owned by the LLC and one set of books.

I will share with you a simplified scenario of what I'm doing below and I would absolutely love any feedback from you guys about if I'm using enough leverage, how can I leverage more, etc...Property 1Initial Investment/purchase price: 100kPurchase ARV: 150kObtained Hard Money: 95kProperty 2purchase price: 95kPurchase ARV: 140kObtained Hard money: 90kProperty 3purchase price: 90kPurchase ARV: 130kObtained Hard Money: 85k** This stream continues on for another 2-3 properties.

Another great read to help simplify your finances and reduce spending, have an emergency fund, reduce/eliminate debt is Dave Ramseys "Total Money Makeover". 

Hi @Jacob Tudor,I think I can help simplify this conundrum for you.You hired someone to do a job, and gave them the materials to do that job (your financial paperwork, etc, is the same as providing a painter with paint and paintbrushes).

2% pffft...If you're looking to simplify data entry with hardware and big box store type purchases why not look at a charge account at your local hardware.

I think this will help automate things and simplify things in order to scale.  

The rental stage is much easier.To lower our stress, we limited our search region, hired a property manager, focused on nice areas with good tenants, did high quality fixes to last longer and lessen repairs, and established a relationship with a lender to simplify the mortgage process.

Simplified Scenario for example purposes:1) Sell for $700K with Mortgage of $300K2) Buy 1 property for $300K and $100K down3) Buy 2nd property for $300K and $100K down4) After fees it nets me $100K cash that I take outResult: I cover my minimum mortgage threshold by $100K but I fall $100K shy of Minimum Purchase Price AND I take out $100K in cash.