While I don't have personal experience I think a rental car agreement would be a complicated thing to add to a lease.

I am curious as to how complicated is it to renovate a burned home.

Unless you want your bookkeeper in your house/office whenever they feel like it, you're looking at hiring an employee which is too complicated IMO for the size of your portfolio.

You are making this way too complicated. 

Imran,Your question is complicated, but the short answer is "not as you describe it."   

However, if you intend to buy a lot and then use the proceeds from your prior sale to build the new property after you've taken title, then you need what's called a "construction" or "build-to-suit" 1031 exchange, which is more costly and complicated.  

One thing i will add to this thought process.. is multi million dollar homes generally are much more complicated and time consuming to market and to get to the finish line..

It does get complicated when you buy the seller out because even on a cash out refinance you will always be maxed at 80% cash out for a primary and 75% for an investment.

It’s a complicated property.

I believe their strategy and reasoning behind asset protection is good, but their team's execution of the plan has been long and complicated.