If there is an issue with the operations LLC, then you would dissolve it and just form a new one - only the liquid assets would be at risk and no assets.

Your pro forma cap rate is almost 9%.

Pro Forma makes it nicer with the possibility to raise rent to 1550 or maybe eventually 1600/side.

Pro Forma makes it nicer with the possibility to raise rent to 1550 or maybe eventually 1600/side.

@Steve Morris  To clarify, I was not saying form a SDIRA and lend to yourself. 

I have a single property in Denver, CO, but I want to scale faster and so I'm partnering up with a friend in Texas (I've known him for 20 years) to form a partnership and share in the expenses and profits.Question - We especially like the math in an area in TX, coincidentally near where my business partner lives.

What's left goes onto your tax form as income.

And keep this stain remover recipe handy: Acetone (nail polish remover) and baking soda. stir enough together to form a thick paste.

Be sure to run your own numbers on anything presented to you, as the pro formas tend to be very optimistic!

@Tony Talamas Makes sense, I guess my "bio" was the pro-formas for my current apartments as well as the "actuals" that I was able to PDF through my owner portal from my 3rd party PM.