Also, with all their experience and know-how, you can actually form a corporation more quickly in Delaware than in just about any other state.Hope this helps!

First, I agree with a target of 15% to 20% annualized return for value add properties is a good minimum target for real estate.Two thoughts on the apartments:A lot of apartments have been purchased on pro forma for converting to condos where they assume a purchase of $100,000, add some for condo-ing and fix up, then sell for $150,000 or more.Or, If it's an institutional buyer with all cash, a stable 4% or 5% cap rate with possible increase may work to make sure they have some residential in their portfolio mix.If I missed your question let me know.

Hopefully I can form a legible question soon and get some answers!

Your focus should be on finding what the average cap rate is for you market, get the actually numbers on the unit (not a pro-forma!)

Going to look at my first multi family property tonight, looking for any advice as to what to look for and watch out for as i go through this journey.Pro forma numbers are good.

Check out BP's Ultimate Beginner's Guide, it helps to form a general foundation in the industry.

I have been analyzing deals using the calculators on Bigger Pockets for a little over a month now, trying to get a feel for my market, as I am just starting out. I am currently looking to house hack to start out. I am...

Don’t forget loan interest, utilities, insurance, security patrol, grounds keeping, etc.If your intent is to hold it, follow Nick’s advice above, then create a pro forma income statement for however long you intend to hold it and then forecast your exit price using the formula that Nick outlined using the forecasted income in the year you plan to sell.  

Trying to figure out a good ballpark number to use for a pro forma.  

Not sure what his title is exactly as it is a pretty flexible gig with ever-changing responsibilities - i.e. checking out properties for initial inspection; coordinating walkthroughs with contractors; running comps and creating pro-formas; supervising rehab jobs; and some office work.I'd also recommend looking into project management and construction company positions.Best of luck to you on your search!