Hone Microsoft Excel skills by creating 12 tab pro-formas to practice 1% rule underwriting on $100K single family homes. 4.

Either way, the property will need to cash flow (at least cash flow based on pro forma numbers) for the bank to lend to you.

The primary reason why people form a company is to limit their legal liability from lawsuits.

Form a Wyoming LLC3.

Buy it, form a team, and let someone manage it and grow properly.

It's up on Airbnb now, booked solid and far exceeding my pro forma, although it seems COVID is creating an artificial short term rental market spike. 

I'm looking to form a revocable trust to have all my assets in it, I understand that it does not protect me as an irrevocable trust would.

And, like is mentioned, many education programs in RE are more of a lead generation for educator to then continue to sell you and/or extract more value from you, i.e. form a fund of funds so you can help me raise more money.To your theory, I think the other part about real estate investing, especially as it is sold by many gurus by being an escape from your W2, is a bit oximoronic.  

BRRRR is the hardest it's ever been right now and you and a friend want to form a partnership (high chance of disagreement in goals and processes) with no experience to do it out-of-state?

The renovation plan was executed and occupancy is in the 94-96% range; rents at or above the pro forma.