Here’s a simplified example:Loan taken out for $100,000 at 10% interest:Annual payment made of $25,000Year 1 interest = 10% * 100,000 = $10,000Principle paid = $25,000 - $10,000 = $15,000Principle due at end of year 1 = $100,000-$15,000 = $85,000Year 2 interest = 10% * $85,000 = $8,500Principle paid = $25,000 - $8,500 = $16,500Principle due at end of year 2 = $85,000 - $16,500 = $68,500Year 3 interest = 10% * $68,500 = $6,850Principle paid = $25,000 - $6,850 = $18,150Principle due at end of year 3 = $68,500 - $18,150 = $50,350Year 4 interest = 10% * 50,350 = $5,035As you can see, as the loan progresses through time you owe less principle and so you are charged less interest.

Formed a partnership with a friend and created an llc we also got a tax Id to simplify it.

We are funding multiple flips and multiple flippers right now and want to simplify how we track these investments. 

I'd like to simplify by taking bookkeeping off my plate. 

I would like to ensure that my future "investment LLC" falls into my trust (either by direct ownership of the LLC, or transfer on death) when I die, so that it can skip probate.It seems like having an entity to aggregate a number of deals would simplify everything a bit (at least from an estate planning standpoint), but maybe it would complicated taxes so much that it's not worth it.Thanks for any advice!

I dont think thats over simplifying, but the logic here under current market conditions means prices will continue to go up.

In my example, it would be leaving the old $200k loan in place and getting another $50k equity loan.The rules are a little trickier than my simplified example, but I hope it gives you an idea.

Some landlords will collect security and first month at signing to simplify the process (maybe last month too). 

I just want to simplify my record keeping and don't want to keep track of every little expense.

My reasoning is it simplifies research, allows me to use one manager that hopefully is good (may take some trial and error), and may allow for an occasional checkup trip (these would be fairly rare though).Anyone else buy remotely?