My wife and I just bought our second property and were considering forming an LLC for them. I just read something that said some investors opt to form an LLC for each individual property as a shield so that any lawsui...

Yeah, I definitely prefer to dig into the weeds before investing and usually request the pro forma if it's available.

Even though they had less pro-forma cashflow in the magic spreadsheet, they were actually more profitable overall.

You'll have some street cred that way and also get familiar with the numbers, reporting, distributions, pro forma vs actual results, capital stacks and communication....what you like and what you don't like.   

Here's another feature that greatly boosts the app's value - the ability to form a team of drivers and track their routes.Justifies the price for me!

Realize efficiency and growth by use of technology; form a group that operates together with monitoring this sectors progress over time.

I (obvious) don't have a background in accounting or taxes.The history of my coming to be the sole shareholder of this s-corp is complex, long and, I have no doubt, filled with tax-planning blunders.In case anyone is still interested, and inclined the help, here it is in as abbreviated form as possible:1967:  5 families bought this property as a summer vacation for them to use collectively1980:  1 of the families sold their share (20% of the property and what is effectively a lifelong lease to one of the 5 cottages). 

Hi,I am reading up on how to form a Real Estate Fund.

As you say, it looks like pro forma rents are $1200/mo so you could push a little next year! 

My concentration for research has been in Pennsylvania (New Castle mainly), and I'd like to form a group to accelerate our growth and understanding.