Of course these numbers are examples, ensure to plug in your own numbers.To simplify investing, having limits of what you will accept and sticking to them is key. 

(There will be closing costs involved in the $140K - you will actually get $140K minus closing costs in funds.)This is overly simplified.  

I wanted to simplify our assets and make it KISS "Keep-It=Simply-Stupid" and used J.L Collins's advice from the simple path to wealth for investment guidance. 

But I further simplify the process with my clients than using a spreadsheet.

I take the lesser of these two values.Real life example (numbers simplified):  Duplex in Hendersonville, NC (outside Asheville)(this is a few years ago, so these numbers vary today)ARV is $200k with $800/mo market rent70% LTV = $140kExpenses are ~40% of gross rent NOI = $960/moRehab/closing costs, etc = $10k (this one needed very little)Perfect BRRRR = $130k purchase price (I went above this)$200/mo cash flow = $760 P&I mortgage payment @ 4% = $159,000 mortgage - $10k = $149k MAOActual Purchase Price:  $142,500Mortgage:  $140k @ 4% = $668/moCash Flow:  $292/moBasis after BRRRR = $142500 + $10k - $140k = $12,500CoC = $292*12 = $3504/year / $12,500 = 28%The BRRRR was great, but the real value is this property is now worth $280k. 

I live in CA and I had a family member helping me manage but they just moved and I need boots on the ground to simplified things since I am not there, or always available due to the nature of my job.

Hi folks, I am currently doing research and looking into potential solutions and successful methods to simplify keys and gaining access to all our units.

To simplify I will write the quick questions I would like answered below. 

For us, this method kept property in the LLC and simplified the 1065 filing.

At this point I could've moved on to a different buyer to simplify the process, but in order to make this work and NET more money, I decided to close on the house with a hard money loan with the seller, then sold it to the end buyer for $450,000 a few days later.There were more fees this way, but like I mentioned I still netted more money as opposed to assigning the property for less.Here's how the numbers played out:Purchase: -$370,000 Hard Money Loan -$14,501.47 Closing Costs (out of pocket)Sale:$450,000 Sale Price-$12,000 Selling Agent Commission-$9,352.33 Closing Costs-$369,737.24 HML Payoff=$59,649.55 ProfitNotice the buyer did have an agent so I factored her commission in.