He had simplified what you will mainly need to know about starting an LLC.If you ever need any help or have any other questions don't hesitate to reach out! 

But I have 25k in depreciation expense from all of my real estate investments (and to simplify things, lets say all of my RE investments are exactly break even)In this scenario, is my taxable income $100k or $75k?

No offence, the BiggerPockets hosts are amazing and simplify things and are so motivating, but NONE of it applies to Canada (well thats my impression anyway) - foreclosures, buying under market value properties, underwater mortgages, even to some extent wholesaling, etc, aren't really things in Canada. ( I mean sure, there are properties out there that are in distress dont get me wrong, but I feel like even those properties are going to 500,000 lately!

Seems as though it would simplify the decision making process. 

I can simplify the thread for you..."

That BP one is good but overly simplified and most lenders will probably want to see a deeper breakdown. 

This is best because it makes the tenants responsible for their own accounts, simplifies your life, and avoids any disputes over who's using what.

Let me simplify (although there’s a lot more to it).  

The simplified theory looks at the holding cost for a median priced home between two time periods and when those costs mirror one another the bottom has been reached.

An unlocked workbook may simplify your data entry and allow you to be more accurate for each property you are analyzing.