- disparity between actual return vs pro forma return. - syndication objectives: are they monthly cash flow oriented or large sums once in a while?

They are also helping me with the steps to form a partnership/ LLC for the next investment property purchase which will be apartment complexes.

Even in my short time doing this I have already learned about the overinflated pro forma information that brokers like to send.

My plan will be to flip this one as well as a commercial deal, once new tenants are in at market rents, estimated valuation is around $620,000 on a worst case scenario, with pro forma rents being lowest for that area.

Solution: Ask the sponsor if a professional property management company has verified their operating expenses and agrees with their pro forma numbers.

They can give you big picture numbers and connections if not be interested in a JV themselves which would incline them to spend some time helping determine viability and maybe even a pro-forma. - reach out to syndicators- good CPA's are well connected and know the numbers.

Private money lenders are typically not licensed, private individuals you form a relationship with and one in which they are looking for alternative investments other than the stock market, bank CD, etc.

>Dan has had to rely on the market outgrowing his negative cashflow.So far I have never purchased a negative cash flow property, but I would not be adverse to doing so if my pro forma projected a return that meets our criteria.   

The first tip-off is that you asked for MA.

Excel is your friend to pro forma these options.There's one opportunity inside your situation that may tip the scales one way or t-other.