When we receive an investment summary for an apartment syndication, it is us to verify the assumptions supplying the pro forma, but it can be done relatively easily compared to analyzing a massive company.

It is conservative in high rent markets like San Diego, but you want your pro forma to be conservative.Research cap expense costs. 

Purchase price: $110,000 Cash invested: $24,500 Turnkey Property.4 bed, 2 bath 1572 sq ftSection 8 rentalPro forma cash flow was $135/month with CoC 6.6%.

Would love to either join or form a mastermind that focuses on accountability, encouragement and crowdsourcing creative solutions to investor hangups.

Should we form a legal entity?

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

. $1,350) if they stay with you and form a new lease.

Unless you form a C Corp or elect C Corp status (both generally not advisable), you will have a pass through entity so the tax on your cut of the profit/loss will be calculated on your personal 1040 tax return.  

This will help you form a more concrete idea what you desire in a property.

Of course you would have to get the actual rent roll/pro forma to see if they are true, but this is how I would analyze the deal at first sight.