Next up by the way are insurance increases as the values go up and replacement costs grow higher.The simplest way to protect yourself is to calculate in your cost estimates the tax rate of the town times the purchase price you are paying, not the current value. 

What would be the simplest route to start out? 

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

The question boils down to the simplest common denominator....risk tolerance.

If you are operating something like a Delaware Statutory Trust you are in a good spot, but that is not what it appears the OP was referring to.The simplest and most effective asset protection strategies have often included a Series LLC as the asset holding company and traditional LLC(s) as operating companies.

I've seen a lot of creative financing/asset class options here, but the simplest option is to pick a market with duplexes that aren't 500k.

I had major issues doing the simplest of activities, I would procrastinate everything I did!

While the initial cost and taxes are less than in CA and more landlord-friendly in NV it's not quite as cheap as the Midwest.I'd pick the simplest strategy first.

The deal itself is awesome at 360/sqft where the area goes for 450-500/sqft so that's the main reason I still want to pursue.The simplest answer is to adjust the price until it fits your criteria. 

Not to even get into how rare it is to see 25% returns and 2x multiples in 2 years....If the simplest of things don’t add up, which they do not here, how can you trust the way more complex stuff that goes behind these outlandish projections?