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

@Bob Bowling I got this information from the pro forma.

The definition of all those terms are obvious, but if you're trying to back into a pro forma you're looking at or create your own how do all those elements work together?

From my experience a good majority of investors are contractors or people who work in the construction field.Your goal should be to be friends with people who do rehab work on the side on flips renovations, that way you can work with them to 1 Get more income and 2 Meet directly with the investor and form a relationship.Good luck man!

My next goal is to form a small LLC to purchase an apartment community.

I would also recommend that you factor in the following: NOI, ROI,  Cap Rate and Cash on Cash ReturnI would recommend that you download the Buy and Hold Evaluate Spreadsheet from BP files and then punch  in the numbers on all those properties so you can do a side by side comparison............remember this is the initial analysis based on pro forma which will most likely change once they have given you the actual.

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

That's for a really great deal, 20+% ROI.I'd plan on flood insurance being doubled in 5 years for my pro-forma. 

The pro forma is for market rents not the actual rents.

I am aware that the broker works for the seller ultimately; pro forma rents seem like pie in the sky; and either the broker is overly enthusiastic or too cautious.