The example was a model to simplify the discussion.

Well, it's my opinion of fairness, the CFPB has not asked be to simplify the guidelines. 30 days notice is pretty standard for taking someone's home, the loophole is some states is that with chattel liens as if you were taking their car or an RV trailer.

You have a Series LLC in Texas which will be as efficient in every respect to sepearte entities and would be easier to manage, provide accounting for and simplify moving a property from one aspect of your business to another without having to do title filings....in other words life would be much easier.Next, there is extreme, over the top paranoia with investors about liability.

@Chris TurekThumbs up for your big picture thinking.Let's use a simplified example.

If you want to simplify it, get an average use for the past year, divide that by three, and add it to the rent.

I have properties in 3 other states and I am looking to consolidate/simplify and also 1031 these 4 into a multi family.

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?