Very simplified decision tree, but that’s how I’d be thinking. 

Hi @Daniel Kevin Lara, I'm going to assume from your question that none of your utilities are individually metered (a bummer, since that simplifies this scenario a LOT).I would work out the historic averages for the utilities and split the average among my tenants, either:- Split it evenly not factoring in my usage (i.e. they pay the full share) OR- Split it evenly between ALL residents and add a surcharge to give some buffer or padding. 

Thinking of depreciation as a loan instead of a tax cut helps me think through the tax planning process in a simplified way.

In all of those cases the tax payer remains the same because the tax return reporting the properties stays the same.That not only simplifies ownership but also lending as well.

Obviously simplified, but there are the broad strokes for one of many paths to your first multifamily. 

I met with Royal Legal Solutions and learned a lot about how a series LLC allows for the separation wanted with an LLC for every property but in a series LLC the process is simplified vs. creating an entire LLC for every investment property.

If we assume that equal application of inflation, and we're JUST looking at inflation, stocks come out ahead (There are real life reasons why real estate might [& often does] come out ahead of stocks, we're JUST looking at inflation here, with a very simplified model).

Investors use cap rate to estimate their potential ROI (return on investment) for a particular asset.In a simplified definition, the cap rate calculates a property’s natural rate of return in a single year by dividing its annual net operating income (NOI) by its purchase price.

Is there a simplified checklist or video that anybody can recommend.

Now, since this is so, it's a great temptation to simplify the issues under the illusion that if you simplify them enough, people will recognize them.