So the best thing to do is to buy the real estate then sell it.. this is fool proof.. but of course most wholesaler will just violate the law because billy bob on BP said it was OK.. lolso take a minute check with the state and then fashion your business after what they tell you then yu don't have to worry.

First, I wouldn't refi your own home if you didn't have to...and having to is a last resort with a foolproof strategy to pay it back ASAP.Second, you said you have accumulative $150k in your rentals.  

I have no illusions that they are as foolproof as the gurus are making them out to be.

Read a book called "Foolproof".

Foolproof?

My experience with software (at a small scale) is that it does not make records and reporting easier or faster, it just makes it more foolproof.

It's not foolproof but it's a good starting point and can usually tell you if you want to look into them further or if you should scratch them off the list.

Having been in a car accident that wasn't my fault and the other party trying to extort my insurance company anyways, with my insurance company declining to pay them anything, which then resulted them in suing me instead (though they insurance company had to pay for my representation, though they didn't tell me that, my Personal Injury Attorney Uncle did), I know first hand insurance is not 100% fool proof (though I won the case and they got nothing...This time).

And when it reaches the level to fund a new property (after the increased cushion the new property will dictate) I pull it and purchase.At times I get frustrated because it doesnt allow my portfiolio grow as quick as I would like, but my style is essentially fool proof.

Get the IRS tax transcripts and NOT what the seller wants to give you.Sellers can deceive buyers but when it comes to the IRS not many will take it to that level although not fool proof it can help.Some sellers at your unit level keep crappy records so it's part of the process to find out what the real numbers are.