first of all, this is my first post, i am from argentina, after looking many ways to where to invest my money, i think the only one that i felt confident was purchasing a property in USAi purchased 2 apartments in Miami 2 years ago (115k usd total in that time), in the bottom of prices i think, now they worth 20% more, plus the rent (with a few extra costs, fixes and had to fire a tenant due non payment and pay sheriff stuffs).the process that we do for non united states residents is form a LLC and purchase the properties as a LLC, we paid some extras at the end of year for renew it but its ok.the overall experience was good.but after reading and reading and reading, i became to this great forum, and figured out that could have been even better.i could had purchase a multifamily property, a big one of 400k usd and do a 25% downtime payment with that 100k that i invested. but i think that i couldn't did that because i don't have credit score or history as foreigner.  

I haven't done any real deals yet but have been using it to practice with pro formas so I can better understand the numbers.

As @Shaun Reilly stated, sort of, this is nothing new for MA landlords.

I used to form a lot of corporations and LLCs for folks.

We want to form a partnership where he supplies down payments and I qualify for the mortgages (in my name only) and then add his name to title after closing.

To buy this you have to be confident in your pro-forma numbers or else your not really buying it on that high of a cap rate.

@Daniel Dietz Since I didn't answer your question here is a copy of a pro forma my banker uses to calculate DSCR, based on your numbers, I used a typical 5 yr Arm to figure payments, and I also went with your generic 8.25 Operating expenses.If I was looking at this deal, I would pass because its DSCR is too low.

One idea is that you can form a Skype group with others by networking and having regularly scheduled chats.

I have a back of the envelope pro-forma analysis in excel that I use when doing a numbers-based first look at properties.

In fact, it depends on the type of property you are involved with, you don't need one to buy a house under a commercial loan, 32 apartments, it would be better if you had a plan, showing vacancies, market aspects (which would be a paragraph, maintenance schedules, written policies, lease to be used and soon along with a 3/5 year pro forma.