I guess I assumed that lenders, while giving you a ballpark, don't really do a hard pull on credit and give you real numbers from the underwriter until you've got an appraisal completed.Hmmm, this might both simplify and complicate things for me. 

It is important to note that this is a very simplified example and there are more factors involved in calculating your depreciation and your gain on sale but this example was just to describe how depreciation works. 

That is a very simplified approach, the landlord will have maintenance and vacancy, so I assumed the LL would have no maintenance and no vacancies.

I gues my lawyer put it that way and in the lease to simplify the whole thing.

You may self-direct traditional IRA's, ROTH, SEP, 401k's, 403b's, HSA's, and more.All these rules and guidelines (which can be complicated, but hopefully simplified for you here) were created by the IRS to ensure that the investment activity EXCLUSIVELY benefit the IRA and not any disqualified party.

Do this a few times before you start buying rental properties and you will always have money to buy more.Anthea…I just gave you the simplified version.

Josh and Brandon really simplify all of the terms and information so that everyone can understand.

Just want to simplify everything.  

Since most books are written with 20-20 hindsight, some authors do tend to over simplify things.

To simplify how you view the value of the time involved, try to quantify the number of hours/month spent dealing with misc. tasks, then multiply that times a reasonable hourly fee.