As such, it is good to ascertain tangible goals and time frames, investment objectives, and so on for the partnership BEFORE it's formation and incorporation.3) If you form a partnership - CRITICAL - insure that you have a dissolution agreement in place BEFORE you incorporate, as part of the incorporation documents. 

Make sure that you run the calculator before you refi to a 3.75 form a 4% loan.

Something else to consider is that once you form a LLC in CA, you need to file a tax return and pay $800 minimum tax for it every year until dissolved.

Those of us that are also doing student rentals will be able to contribute and help you form a unique proposition for your renters.Work your network!

They have no problem adjusting your pro-forma estimates to a rate and costs they are willing to offer you. 

I am putting together a pro forma for a new construction commercial building, and I have not hired an agent for the pre-leasing tenants.

This pro-forma is based on the variables on the first tab ('Financial Summary').Even if the property is leased and the annual rental income and expenses are known, the cap rate and other financial metrics are calculated as if those numbers stayed true to the end of the year (pro-forma).Only after the fiscal year is over can you calculate the actual returns to-date.

There are pockets in the suburbs that still allow for rentals, but most folks are moving to the tertiary markets to buy rentals.In Austin, the cap rates for apartment complexes are low and most sellers are trying (and in many cases succeeding) to sell on pro-forma instead of actuals.

Great first step to learning and investing.I highly recommend BP's Ultimate Beginner's Guide, it helps to form a general foundation in the industry.

I highly recommend BP's Ultimate Beginner's Guide, it helps to form a general foundation in the industry.