The (pro-forma) numbers for 8 units were great, but I was not sure about the type of tenant I would get. 

As a wholesaler, we get a lot of calls from landlords who bought remotely based off a pro forma and/or pictures they saw and weren't getting what they had hoped for.

They frequently band together, form a cooperative and buy the park, so your purchase evaporates.  

Then, all that is left is to form a financial plan that is appropriate and do the project.

The attorney will charge nearly 8 times as much to form a Series LLC than would the CPA.

Once you know a market, then you can start plugging accurate numbers into your pro forma.

You can use that info to form a plan and work with the tenants to appropriately address the issues. 

Now it wouldn’t be the be-all and end-all but it would get you 80%+ of the way towards building your pro-forma.

Let me know Purchase price - $160,000Construction cost per home - $175,000 (about $100/SF is the goal)Total cost (land + construction) - $510,000Sell price per home - $344,000Profit after soft costs, contractor fee, demo, site work, commissions, etc – 50k per house for a total of 100k profitFinancing with a 10% down 18 month IO construction loanPro forma 

I cannot try to raise funds unless I form a business.