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

The time frame to form a syndications is 2-3 months.

You do not form a partnership with your spouse in this case.

a business plan sample or template I did not know there is such a thing - maybe some of these ideas will help with you form a template for investing in multifamily units....know how much money you can put your hands on todaycreate a credit line ( as big as you can - you'll need it!)

Maybe it will be a good number maybe not, but really I want to form a relationship with them and eventually try to workout a line of credit for future deals.I plan to provide a detailed folder with the current project start to finish, and show them the numbers from the BP calculator and how I worked the entire process.  

Did you form a single member LLC or two persons?

Which websites do you use to get Pro Formas on Bloomington Indiana properties?

A lot of properties look good with pro forma rents, but if the actual rents are low you may end up having to put a bunch more money down to acquire a property.

One 2 Bd apt. and two houses, 5 bed's each.Financing Approach:80% Bank20% 10% down payment10% seller financing - terms to be negotiatedAnnual Financials:-5% vacancy (the market is emerging and vacancy is very low - we know this because we own a 4-unit in the same area, purchased from the same seller)-Rent roll: $55,800 - can be pushed up by $4,800 conservatively after rehabbing-Property Taxes: $4,277 -Insurance: $1,619-Maintenance / Capex: $11,160 (projected - 20% of rents)-Water / Sewer / Utilities: $6,200-Property Management: $3,600 In summary:At purchase:-$55,800 gross income-$21,903 total expensesPro-forma:-$60,600 gross income-$22,529 total expenses We want to get your thoughts on this deal.

I'm reviewing an OM for a 12-unit Class A property and the T-6 annualized expenses has the property insurance at $7,068 ($589/unit), but the Broker's Year 1 pro-forma has the property insurance at $3k ($250/unit).