That would work, except I just want to simplify the process overview.

Investing in a multi with separate meters will simplify your business down the road.

I did not use a separate credit card for my rental purchases, but if you do that, that would simplify things further.

But, it is wayyyyyyyyyyyy down & over simplified.

I personally favor the one page quick contracts because I feel that it simplifies the process for me and my sellers, but through my networking I have recently run into several other investors that have challenged this mindset.  

As a simplified example, if I find a 4plex that rents out $1k/unit and continue living in the apartment, I would get $4k -$700 = $3300 /mo - expenses.  

I'm simplifying the claims process considerably; however, if there is a mortgagee, it would be difficult for that homeowner not to make the necessary repairs on the house.

Ok, all good, I didn't bother advertising since it sounded like a pretty clear decision.Now (in a simplified version), they  are dragging their feet, have note rented, have not reviewed the lease draft from weeks go, and wasted some time that I could have advertised already.

I like the idea of just selling it, simplifying my finances, investing in broad market index funds. 

for credit and dti reasons, and simplifying the accounting, not stacking loans etc.