So we ultimately went with East West Bank because I didn't want to max out my line but just get a simplified HELOC with low doc requirements.

I think he was purposely simplifying the process when he said call the 1st sergeant and his pay would be docked because the exact details of the process are irrelevant to the question at hand.  

It makes me stop and think that I might simplify things, and just buy a good property with a small 10% down and let the appreciation run its course. 

If it's maintenance, get a good general maintenance guy (that uses email) and a simple property management app  (i started working on one tenantsq.com but, not enough time in the day to finish...) that's geared towards a small amount of rentals, cozy seems like a decent oneIf it's communication, may want to simplify that and maybe only communicate via emails so you can check it on your time opposed to them blowing up your phone.I think, its a lot you can do before going to property management, i think you move to that once you want to be hands off completely.

Would appreciate if you could share any thoughts you have on this.https://www.biggerpockets.com/...I am selling my rental property with a 300,000 mortgage, and expecting to sell it in the range of 1,000,000, i.e. 30% LTV (simplified numbers with similar ratio).I am planning to reinvest in with 1031 exchange and have a bunch of questions on that.

To simplify things, we had discussed cleaning/minor repairs with Evolve and thought we would go through them.

I've always said there are no secrets in real estate, the TIC "method" has been around for about 25 years, is generally unknown is the simplified process and applications of a TIC arrangement. 

There is no time restriction.For S-corp election, in a simplified explanation, If you want to ELECT LLC as s-corp, you have to do within 2.5 months in the year you want to be taxed as S-crop when you create LLC (But IRS gives you some exception and you can elect past 2.5 months too.

Keep in mind I have really simplified some concepts here and educating yourself on more details is a good idea.

Almost anything can be simplified into a repeatable process.