I would use those figures when you run your pro forma i dont think many lenders are going to buy off on a 2 to 3 month start to finish.. just sayin.

As you suggested, one option is to form a new LLC with the original name while keeping the old LLC intact.

Plus, as you know our markets aren’t known for yearly rent increases so it’s cute to see when folks run pro-forma’s with such estimates.

As far as I know in ny state you have to actually form a new entity to file as an Scorpio?

I was hoping folks has suggestions because I kept running into dead ends because the physical bank location of the online bank platforms need to be in the state to follow the rules for MA. 

As someone who recently had to form a foreign LLC for an out of state property that I own, I definitely wouldn't do it unless I absolutely have to.

If one or both intend to live in the duplex, yes, by all means, put an agreement together.You form a California LLC with your sister and friend as managing members and then quitclaim the property into the LLC. 

And saying you will send an LOI without having any pro-forma information is probably producing an eye roll and a push of the delete button.

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Covid should be a reminder vacation rentals have tempting pro forma returns, but income can get eliminated overnight.Even something as simple as seaweed - The last time we were in Tulum there were mounds of seaweed covering the sand and the water was brown as far as we could see.