This simplifies the process and makes it easy for you!

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.

Trying to overly simplify a complicated subject even further, could I safely say that not having enough reserves, because of a lack of planning for the worst and just assuming something will cover you later, will always burn you in the end (barring you just plain get lucky)?

This is obviously a simplified example, but that is the general logic I use to make this analysis.If you are fully sold on out-of-state markets, I agree with @Jonathan Taylor from above.

That will very likely narrow down potential markets for you and simplify your search.Melanie

I'm over-simplifying it but that's the gist   Just make sure you know your numbers like the back of your hand. 

Now I'm simplifying the story.

Though not all sellers will be willing—or able—to provide direct financing to the buyer, it can be an excellent way to buy a property while also simplifying the closing process.That said, owner-financed homes can be complex and necessitate a written agreement—so it’s important to understand the process before signing on the dotted line.

If any of your tenants are less-than-ideal, then I recommend you terminate their lease so you can clean the units up and have vacant units to simplify the showing process.Notice of the sale can be verbal or in writing.

My question is, is this doable and am I simplifying this?