@William DeLucaThe others did a good job of simplifying it, but let me try to in another way.You purchase a house for $100...

Maybe consider looking into a duplex as the next purchase so you can have a tenant in one side and you provide a place for yourselves to live, as well... if another property isn't on the horizon for 1-2 years... consider a very small apartment or even moving into a mobile home/RV for that time, rents are typically much lower and if you don't have a lot of stuff, it allows for simplified living.Good luck, keep us all posted as you continue!

I heard in one of the BP podcasts that they suggested picking a small bank and doing all of my deals with one bank and that they would eventually get me better rates and simplify the process.

@Mary Mitchell - [Bigger Pockets (BP)]Hopefully you agreed with my simplified categories and read to this point.

Over simplified but that's the gist.

To very much simplify it, why go back and buy little green houses when the ultimate goal is cash flow from a lot of red apartment buildings?  

As some of the feedback above, a lot of these items are crucial to consider, however it would be best to simplify the first few steps as focusing on buying a property.

This is a simplified equation with other factors like holding costs, but you get the point. 

You explained a lot in a simplified form.

I am seeing that people have one large policy that can cover a portfolio and simplify things, would be great to find a broker or company with experience that could set something like that up.