Happy to take a look at your pro forma if that would help.

@Chris RagerAre you looking to form a single-member LLC or a multi-member LLC? 

You could form a single LLC for all properties, which is easier to manage but carries shared risk, or you can create an LLC for each property, which offers better protection at the cost of more administrative work.

Hi Joe, I am looking to form a Mastermind Group in NY.

You could form a partnership with a couple people, delegate roles and start buying properties in a JV.  

I really don't want to have to change our name/form a new LLC, AGAIN....   

Anyone can put together a pro forma and tell me what the projected returns are, but that doesn't mean squat.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

Then I’d sit for the Michigan exam.Step 2: Form a Michigan Real Estate Broker Company (aka, a brokerage) per the MI Bureau of Professional Licensing’s requirements.Step 3: Draft written listing and transaction management procedures and source and integrate necessary software programs.Step 4: Form exclusive relationships with a local title agency and mortgage broker.

@Patrick Shawn Faherty there's certainly enough feedback on this forum that anyone should be able to make an informed decision about MI, When evaluating any turn key companies, there are the things one should look for.In general, the ones to avoid are the ones that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)Don't allow for your own independent property inspectionAre not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)Require you to pay for any renovation upfrontSell only in cheap. low end neighborhoodsDon't accurately represent the neighborhood/property classificationDon't have consistent rehab standards for all propertiesDon't provide a scope of work for the propertyCan't provide references of repeat investors Require you to close before a tenant is in place