Alternatively, you can own the rental directly, take the income directly and simplify your life, taxes and everything.

@Chris Brackshaw try Simplified Insurance in Southfield or Noel Selewski Agency in Eastpointe.

By centralizing funds through a holding company and allocating them strategically within my portfolio, I can optimize its overall performance.Moreover, leveraging the tax advantages of this arrangement can significantly simplify matters and yield greater benefits.

Simplify as many standard processes such as online rent payment, leases, apartment turns, paint, and other materials, and re-key all locks to a master system.

I need to simplify my goals and actions to be able to succeed myself. 

However, paying off the loan would reduce your debt load, simplify things for your family in the long run, and remove any restrictions the SBA loan may impose, particularly around building the new units.

This route can simplify management since you’ll only have one additional property to oversee.Multiple Properties: Splitting the funds to purchase two properties can diversify your investment portfolio.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

They've all paid to be on that list, so they might not be THE cheapest option, but they want to work with PMs and probably do already which should simplify things.

Like I said, I am trying to simplify my life, so opening up yet more bank accounts when I already have a trusted rental business account with chase for a small timer like me is not territory I want wade in.