When you fill out your tax forms moving forward, there are forms that show a simplified P&L for each proerty and Uncle Sam wants tax on the profits, at the rate of whatever tax bracket you are in. 

Obviously the above example is overly simplified, but if you understand the principle that I'm trying to show, you'll understand why its is such a great strategy. 

But if I had to simplify the concept of wholesaling in 5 steps 1/ Network with investors and build your buyer list2/ Advertise to distressed sellers and build rapport3/ Lock the deal with a Purchase Agreement 4/ Assign your contract to an End-buyer5/ Coordinate with the title company the Seller and the Buyer and get paid You get paid the difference between what the buyer is willing to pay for and what the seller agreed to sell for.Hope that'll help, good luck!

Since we simplified our economy to have only restaurants, we are going to bring down the spending by a factor of 1000 so the numbers don't look completely absurd. so after this adjustment, the spending is at $130 million.

The cheatsheets simplify your own plan preparation and review process.The plans for my next remodeling project passed from the first attempt.When you submit your own plans, if you're doing a carport enclosure into a garage or adding a carport, or even things like adding, moving or changing the size of windows or doors, or adding pocket doors and similar -- you'll most likely be required to provide a letter from a structural engineer on the type of headers to use, the studs and possibly even bolts to tie bottom plate to the slab for new load bearing walls.

Here's the simplified summary: 328k purchase price, 40k rehab, 75% LTV, 410k ARV, $400 yearly cash flow (I understand this is low)With these numbers we will recoup all but 20.5k of our initial investment.

@Philip L.Katie Haller with Simplified insurance does mine and most of my clients and everyone likes her and her product.

I just set up a YourPorter account, and it looks like that should simplify some of the cleaning things. 

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.