HiI want to form a LLC for my real estate investing.

First I would definitely form a business entity.

Yes it's tuff buying a property form a different state.

Do a search of the forums for MA, Massachusetts, Worcester, Boston, Waltham, Townsend, Chelmsford, etc.

I am interested in SF properties right now..My question, I have ran a few today and I get this low cap rate of about 5.2% but click on the 50% and it has $121.00 cash flow on it..price 50,000tax 2191closing 200020% downrepairs 1500 (flooring/paint) I will do4.520 yrsrent 750 = 9,000vacant 10repairs 10pm 10capex 10insurance $60 monthThe deal analysis tool says..expenses 795.64monthly cash flow -45.64pro forma cap -4.6NOI 2489.00cash need 13,500cash on cash NOI -4.06purchase cap rate 4.9850% rule$121.94Is this correct how i did this?

You need books, financial statements, pro formas for lenders and taxes done, you don't need a CPA for that.A good attorney is worth more than you'll ever pay them.

No matter how you look at it, it's a business.A different question is whether you give your business a name by filing a fictitious business name statement (AKA doing business as or DBA) or take it even one step further and form a legal entity such as a corporation or LLC.An advantage of having a named business is that it might add a sense of legitimacy in the eyes of some.

Their pro-forma estimates 120,000 EUR in GPR, which is wishful thinking in my opinion.

@Jeremy Baker - you're in a pretty pricey market to try and do anything with the 2% rule and you have to be careful with turn-keys to make sure they will actually deliver what they say they will....most pro-formas are fantasy work from my own experience.

What you want to do is form a partnership with your investors.