Meanwhile, we plan to take out a mortgage on our primary residence as well.Thank you for your input and please do let me know if there is something wrong or too simplified in my assumptions.

You need to simplify things for your first purchase.

Does anyone have any tricks for simplifying the loan application process? 

I am struggling with a thought as what is a simplified and right structure should I create for investment properties?

There was a time not long ago when all the tanks came out of 2 or 3 factories  ( so I’m told) and different companies would just throw their label on them and market it.If you are hiring someone to change it, you could simplify matters by letting them pick up the tank from their supplier of choice.  

@James CarlsonThank you for the simplified analysis.

Of course, my formula is very much simplified, there's a lot more details that matter.

To me, I simplify things. 

This is why many investors refer to what I just described as 'infinite return', and is one of, if not the most appealing components of the BRRRR strategy.The example I gave is of course simplified, but I hope it adequately conveyed the concept.With regards to what the initial financing would look like, rehab lenders will typically finance a portion of the acquisition and then 100% of the construction on a 'reimbursement basis'.

You: 'Well, we're just simplifying things..'