The pro forma was available on iFunding's site, but they closed the offering so I can't share it now.

I would like to get one sooner rather the later so I am trying to figure out how to form a deal with someone.

The pro formas from #1's seller also shows $2100 in "late fees" so I'm concerned with tenants not paying their rent on time

Your two Solo(k)s would then simultaneously co-invest either in a piece of property directly, with percentage of ownership dictated by percentage of investment - OR - you can form a new LLC just for the RE investing.

I hope you continue with those pro forma's since anyone can understand them.

For instance, in Michigan, the seller is required to attach a lead paint disclosure form as well as a form for disclosing any known issues with the property.

I'm looking to form a partnership with an experienced wholesaler local to me.

I would try using this calculator and input conservative numbers for your pro forma rents, repair budget, taxes, insurance, vacancy, and other misc costs.Also, I was listening to the blog, reading posts, and previewed 100 homes over a 6 months process before I pulled the trigger.

On the contrary, if you could get your money to make necessary repairs for cheap form a lender, why would you take your own cash out for this.

Hi Dan, you really don't need an attorney to form a LLC.