As much as possible I'd recommend getting really clear on your goals in life and how real estate fits into those, and then iterate from there.If you are buying at a distance (specifically you're not moving from house to house and collecting houses as you go) then it would be a great simplifying factor to buyer AN asset or two with many doors, but there are other ways you could structure it so that small multis are the way to go.So, back to the root . . . what do you want to accomplish in life, and what role does real estate investing play in that?

@Laura Chevalier about your original post, I would simplify it the arrangement   1) the business should be capitalized to the extent that neither of you need to contribute additional funds on a monthly basis   Capitalize with adequate reserves and pay monthly expenses out of the cash flow.  

I like that their aim was to simplify and streamline a very personal, inefficient, difficult and expensive process for sellers.

My current process is:-Using a purchase and sale agreement contract I got from a real estate attorney I find the below info and fill it in-do a parcel lookup to find the property owners name, parcel # and legal description from the public deed-using zillow I contact the listing agent and ask for their MLS ID and Agent ID and then call the broker's company and get their MLD ID and state license and addressLooking for maybe some software that i'm not aware of that would simplify the process of all that data gathering.Thanks!

I know this is a very simplified explanation. 

Makes sense, definitely helps simplify.

I simplified that a little to get the point across.

None-the-less @Lisa Hill needs help clarifying/simplifying things, my guess is a 1031 will simply accommodate her needs given her expertise and investment amount. 

 @Michael Plaks Thanks for trying to simplify things.

Is this a good strategy to simplify the process of “finding” money for deals?