Any comments, suggestions, best practices, etc on how to streamline and simplify the process would be greatly appreciated.

To simplify things here as there seems to be much confusion on the topic.

So an incredibly over simplified example in a nutshell would be you buying 3 extra houses kicking off an 8% return using money that you're only paying 5% for.

We host 6 FREE meetups in MA and NH (Lowell, Waltham, Worcester, Portsmouth, Manchester, and Virtual) every month under the name Simplified REI and they’re posted her on BP on the events tab.

This is a (63) page bill that was passed during the Reagan Era.This law was passed by the United States Congress was to simplify the income tax code.

Simplified Wikipedia definitions then must be for non-accountants/financial managers

So to simplify the answer, there are no tax issues, the money is taxed as you make it. 

Old school solutions to "time management" generally are not optimal.I suggest two philosophies that are vital to a happy life1) Simplify - get an abundance of what is most important to you by getting rid of all the crap we have in our lives that is nice, but not particularly important.

To simplify the example, let's assume that you are only allowed to choose between buying 1 expensive property or 10 cheaper ones.

I probably confused things with my attempt to simplify the definition for those unfamiliar with investment modeling.The IRR is just the discount rate that would make the net present value of a series of cash flows equal to zero.