2) Any thoughts on how realistic it is to form a partnership with an existing broker for run a PM company?

They have pro formas for each property but I'd like to approach with more conservative estimates, as well as getting inputs from investors in that market if possible.I didn't want to just post the numbers here as I'm not sure if RTR want to disclose the info but I can PM my work to anyone willing to assist me.All the best,Alex Longinidis

I think I could rent this home for $2,500/MO, and after running it through the pro forma, I could clear $1,410/MO, including management fees.

If they are doing work on the property, then you may need to form a JV. 

It seems like a great primer to some of the key aspects of development and 6 weeks is enough to cover a lot of ground, but short enough that it won't take away from other areas of your life.Real Estate Development Principles and Process REDV-0020Real Estate Development Pro Forma Analysis REDV-0030Real Estate Development Construction Loan Finance REDV-0040Real Estate Development Construction Essentials REDV-0050

The same number for each unit ($1163) is a dead giveaway that the numbers are either pro-forma or just swags.

Another thing to be weary of is aggressive pro formas on the offering memorandums. 

You need to form a LLC with them and buy in the LLC, or else you're taxed twice.

However, they also tend to have higher interest rates and may require a larger down payment.Another alternative financing option is to partner with another investor or to form a joint venture.

I am always conservative with my estimates and I usually use more stringent numbers than what the previous owner has recorded on the pro-forma.