(Consult your lawyer on this for sure)But I am trying to think, how can you simplify this this way you can get started ASAP!

In my 20 years of experience, I would say most people over simplify the experience and the process and have a hard time determining what value any one particular realtor offers. 

Is something like this possible (simplified hypothetical example):Seller wants 500kConventional loan for first 400kSeller carries a 2nd note of 25k at 19.5915% over 20 years = $100,009 in total paymentsWould this then record a lower sales price of 425k and save a bit on property taxes too and still eventually get seller their 500k asking total?

It simplifies the learning curve as you build up a contractor team, figure out a rental software, get a grasp on tracking expenses, etc.The MFH market in Kalamazoo is really tough. 

Thanks to everyone in advance for making this site, and simplifying the learning curves.If anyone wanted to look at the property to get an idea, it is located at:Long -30°58'41.12"N Latitude - 87° 8'45.75"WMart Jernigan Road, Jay, FL.

But my bank changed that policy last year and greatly simplified it. 

I have read Crushing it in apartments and commercial real estate by Brian Murray which helped simplify the process, but would love to hear other books/resources that helped you.

It doesn't always work as perfectly as the more simplified version you hear about, but when you get a perfect BRRRR deal it is an amazing strategy! 

They probably do over simplify it too much, but knowing how things work is the important part.

Am I over simplifying it?