That said, I would always put management costs into my pro-forma cash on cash returns. 

I never said "assign" and you would A. need to get the assignment clause in your contract OK'ed with seller and their agent PLUS B. you would need to check your state laws to see if your process would violate any brokering laws.I simply meant that if your buyer was already in place with a price agreed upon for a property with the numbers you provide (and assuming those numbers are accurate), you simply contract with your cash buyer partner for a fee or you form a new entity naming you and them as owners and you simply sell your interest/shares in the company to them at closing for your fee.

If the partners can be considered active, then you can form a JV structure, and a securities attorney will be able to help you understand the threshold of involvement they must have to considered active.Now, on to what is equitable: I would say most common structure is a pref plus carried interest structure.  

I'll take whatever information they provided with a grain of salt and then use my pro-forma data to make the offer price.

Also from his post I wasn’t clear whether market cap is 3% or purchase cap is 3% and what the pro forma stabilized cap is.

I am putting together the plan which includes: the construction expenses, financing, pro-forma's, operations, etc.

In DocuSign, you can upload any form as a PDF and have them sign however you need.

@Mark Miles I appreciate the info you've provided. id love to be in great help by connecting you with a contractor and plumber that I am well connected with. hopefully this can provide some form a value to you or your friends investing in the Mt Poconos , Stroudsburg area.Best of wishes,

When you see a true commercial listing by a commercial agent, it has all the data, true pro forma, etc.

Yes the pro forma includes rent increase, although I feel it's a median figure.