I am moving on to the next.The main takeaway I want newbies to understand is that sometimes we just have to simplify the process and outsource what we don’t know.I didn’t get into the details because I literally built my team to be my resource.Every single question I had about getting my first house was answered by a professional or an experienced investor.I can’t speak to specific market analysis, how much it cost to repair every object in a house or even what the best tax advantage for owning your property in your name versus an entity.However, my team can.

So the value of the property so you should be no more than $1,215,000 (=$97,200/8%).This is a simplified approach to evaluate your 36-unit.  

am i over simplifying it or making it more complicated than it needs to be?

This is simplified by  discarding applications that are not easily assessed, time is money and applicants like this are not worth a landlords time.

I think you should come to these meetings with the expectation that there will always be a product or service spotlighted as way to help you grow or simplify your work as an investor, and focus on networking and creating relationships.  

Jon H- I was trying to simplify just the method so it would be understandable, rather than a long discertation.

You might need to simplify your verbiage, he "AS IS" component may not register with everyday homeowners.

I will shadow as often as I can.I understand the oxymoron Of saving more cash while trying to do something easy... there’s no silver bullet here.To simplify, I am looking for easy things I can do to save a few hundred dollars here or there.

Put efficiencies in place to simplify what it takes to manage them yourself (use dropbox/google drive, set up electronic payments, pull together all financials in an easy to summarize format, etc.).  

It also simplifies life in that I don't have to worry about carrying large amounts of cash, going to the bank to get more, or pay on a number of different things (i.e. cable bill, cell phone bill, etc). 5.