Yes, this is a bit simplified...it's meant to complement all the good advice above.

Timeline InfographicHere is a link to a detailed before and after micro-site on the house: Fred, the flip that almost flopped.Here is a link to a simplified Net Profit Calculation:Profit Calculation, Frederick Ave.Let me know if you have similar stories or questions!

That article has some good points but it’s overly simplified.

Depreciation, carry over losses, personal status -did you work enough to be classified as a professional, income limits for Ira contributions, passive and earned income, deductions, etc. the tax law was not really simplified much with the last change.I surely don’t like paying for erroneous advice—as @Matt Hoyt suggested look for another CPA

But, then the lender can call the loan.Why isn't there a simplified way to get a property under the ownership of an LLC?

These folks should be able to guide you away from making an emotional decision and also be able to find something sooner to keep that rental property snowball growing.I could probably write pages on each of your questions but I tried to keep it as simplified and specific as possible. 

On a simplified level, investors are purchasing shares or equity in a real estate project.

When tax season slows down, I will gladly pay to sit down with him to answer questionsIn the meantime, I'm trying go get a grip on a simplified breakdown. 

Now that you peeked everyone’s interest and created some excitement, would you mind sharing a simplified version of your story?

I've not gotten through all the podcasts yet but I think she simplifies a lot of what I have already learned (wish I had found her before I started investing) via my local Note REI and JV.