My thought is form a JV in which each LLC owns 50%.

The last thing you want to do is hook up with a syndicator that is overly ambitious in their pro forma.

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

., to begin with, I think you're overestimating some expenses for the purpose of a Pro Forma analysis:Insurance looks very high.

You need to run a conservative pro-forma.

I've been continuing to hustle and am at a tipping point, I'd be crazy not to jump in full time and my old business is also driving me crazy.3 active listings totaling about $550k on the MLS getting showings and offers 1 under contract with buyer clients to close in early June for $160k2 rehabs for clients that I'm helping to manage before sale, both will finish in June with a combined ARV of $400-420kAnd in addition, now I have been in talks with one of those rehab clients to form a 50/50 partnership to flip  and BRRRR houses moving forward, his funding and my hustle/ project management. 

As I understand it, you cannot 1031 into a traditional syndication because it violates the like-kind requirements, as your Relinquished Property is real property, and your new ownership interest in the syndication LLC is personal property.I've heard previously that the workaround here is to form a TIC or a DST to hold your 1031 interest, since this is treated as having an ownership in real estate interest in the eyes of the IRS.

If you guys are looking to rent it out then you would need to run a pro forma factoring in all of the operational expenses associated with the property against the rental income ( amortization, economic vacancy factor, insurance, property tax, reserves for capital expenditures and repairs, etc.) and see if it is actually a profitable cash flowing investment.

What’s your pro forma NOI?

Can anyone recommend an accountant that know MA taxes?