This is still simplified but should get you pretty close.

This is going to help simplify things!

Why not work up into a multi-unit property for more cash flow and to simplify management?

This may also be a good part-time gig when I semi-retire in a few year.4) Standardize, simplify and document all my business processes. 

I am a painting contractor and have construction contacts in my immediate area so staying local will drastically simplify the rehab process.I'm still very much in the learning mode right now, but will certainly also be keeping my eye out for potential buys and ways to finance them.  

IRS Announces Simplified Option for Claiming Home Office Deduction Starting This Year; Eligible Home-Based Businesses May Deduct up to $1,500; Saves Taxpayers 1.6 Million Hours A Yearhttp://www.irs.gov/uac/Newsroom/Simplified-Option-for-Claiming-Home-Office-Deduction-Starting-This-YearThought this might be helpful to all who run a business from their homes.

ok, Aaron is saying being a rehabber is what someone new to REI is supposed to be doing, since wholesaling requires:marketingwriting contractsfiguring rehab costsgetting a deal that includes a spread for both the wholesaler and the rehabberWhereas the rehabber simply walks along, gets deals thrown at him by wholesalers and simply manages contractors and then rakes in cash. ( yes i'm simplifying what he said. )I think Aaron told me, if the deal is really good, a HML WILL lend me money for a rehab, with me not having to come up with out of pocket money.

 ( Be Wary, this is simplified.

That you determine later and often you will not close.Experience, as in any field of endeavor, simplifies life.

. :) I have simplified quite a bit so that I can focus on other interests.