Calculating the depreciation base, typically guided by a CPA, is the primary complexity.Except figuring out the depreciation base to use (what amount from the total acquisition cost goes for land and can’t be depreciated, and how much goes for the building/improvements to be used in the segregation and depreciation calculations, and even that should be an easy answer to figure out or get from your CPA), the rest is simple stuff your CPA will not know anyway (thus him sending you the “survey”) like, the sqft of the house, the length of the fence and if wood/iron/brick, how many ceiling fans in the house, how many cars garage, if carpet or tile in what room, etc.

I have read that it can be a chore to get through the rigamarole, especially around the revenue stuff. 3 and 4 plexs are supposed to be hard, but I haven't checked so run it down.

Exciting stuff ahead for you.

And, believe it or not, some tenants will think that because there's a garbage disposal, you can cram stuff down either side of the sink, even the side without the disposal.

If you can't, you'll be out of business and none of the "how to" stuff will matter anyway. 

I think when looking at all of this stuff the two key insights are 1.

I have other stuff to do. 

Fix stuff asap that could cause issues, like a loose or rotten deck board.Many mortgages have a due on sale clause that would get triggered by a transfer to an LLC.

Not only his marketing is sketchy as other people in here say but his program is just a group with people talking about random stuff, no value provided and that's my personal experience. 

Even the heavy duty stuff, most likely going to need to replace every 2-4 years whereas plank will probably cost way less going forward on turns.