It's insane how many deals people will throw your way when they know you only have 45 days to identify (lots of crap with properties that are all priced on pro-forma cash flows!

I'm originally from Cincinnati but living in SoCal and looking to invest in Southwest Ohio area soon and looking to form a trusted team!

Fully landscaped yard maintained by the HOA.Down Payment: $0.00 Loan Amount: $203,000.00 Amortized Over: 30 years Loan Interest Rate: 3.625% Monthly P&I: $925.78Monthly Income: $2,200.00Monthly Expenses: $1,949.20Monthly Cash Flow: $250.80 Pro Forma Cap Rate: 4.97%NOI Total $14,119.00Cash Needed $4,000 Cash on Cash ROI 75.24%Purchase Cap Rate 6.96%

@Jake Hottenrott - if @Michael Ndjondo makadi chose to form a business entity to do his investing through, and then traveled to find properties, would he then be able to deduct all those expenses?

Ok- so it I changed the #s and ran it at a 8% (instead of 2%) vacancy rate, 10% cap exp rate (instead of 5%) , and 8% for a PM The cash flow = $363/month (much lower than $916)Cash on Cash ROI - 3.03% (much lower than the 7%)Pro Forma Cap Rate= 7.85%Purchase Cap Rate= 5.61%1.  

He made the comment that when evaluating a deal, whether you're buying it or investing with someone else, the pro forma rents are the most important thing to look at.  

Philadelphia, PAList price: $1.035MUnits: 23BUILDING SIZE: 16,236 SFGross Income $188,760Operating Expenses $100,614Net Operating Income $88,146Pre-Tax Cash Flow $33,515Rents vary but the average is $668 and there is value addBy my figuring I'm looking at: Monthly Income: $15,718.00 Monthly Expenses: $13,487.39 Monthly Cashflow: $2,230.61 Pro Forma Cap Rate: 7.14% Cash on Cash ROI: 2.27% Purchase Cap Rate: 8.73%Do you all think its worthy of continuing to pursue further?

Typically on my pro formas I don't figure in depreciation tax savings.

Im $140,000 in debtNOI:  $6,944.00Cash on Cash ROI:17.56%Monthly Cashflow:$439.09Income-Expense Ratio (2% Rule):1.96%Total Initial Equity:$94,000.00Gross Rent Multiplier:1.89Debt Coverage Ratio:4.15Purchase Cap Rate:27.78%Pro Forma Cap Rate:5.79%

I'll check out the WI form as well though for reference, thanks@Rebecca Holmes a good heads up, I'll make sure we have appropriately filed if we do go the option route