Just realize that this unit is at higher risk of not meeting pro forma projections.  

I'm not trying to crush your dream here but it is very clear you did not do a proper pro-forma before you bought that lot.

And although Im super hesitant to use this figure in my purchase decision, my realtor comp-ed them out at 750k ARV.Last Years Actual Rent Paid: 62,777 Last Years Gross Rent Billed: 109680 Pro Forma Rent: 110,000 - 140,000 based on minor improvements/cleanup and then rent increases/tenant removalPITI: 5500/month. (66000) P 1600 + I 1300 + T 2000 + I 400Expected Vacancy and unpaid: 15% (16500)Maintenance + Capital: 10% (11000)Net currently: -4000 Net Projected: 31,500Projected ConC: ~100% with 25k down and 6500 closing costs.Thank you for taking the time to look at these numbers.

Write up a pro forma that beautifully shows the details of your deal and your projections.

And then form a master to-do list for the day pulling the most important tasks from each.

Hi everyone,I am looking to form a real-estate team in Windsor, specifically for student rentals.

And, as you continue to buy more properties and form more entities to segregate your assets, you may decide to form a parent holding company to reduce tax preparation fees, ease administration, and add an additional layer of asset protection between your properties and you personally (shown as HoldCo, LLC in the sample organizational chart).As for which form of entity to use, it can be state specific, so you should seek advice from an attorney practicing in your state.

To wholesale legally without violating brokering laws, you need to buy and close the deal with your cash or borrowed funds, then market and resale as you are then the owner of record on title or you need to have your buyer in hand upfront, form a new entity with you and your buyer as owners, vest the purchase contract in the name of the new entity and at closing, sell your shares to your buyer/partner for a fee or price per share.

Make contact with them, form a relationship with them, find out their criteria, and then go shopping for those deals meeting their criteria.

@Ben Gabin you can form a partnership, most likely an LLC would be the easiest.Ask him if he already has an LLC through which he owns the property.