Pro-forma, the building has the potential to bring in $2,400 a month in cash flow.

I have these basic figures locked in my head so when I identify sections in each home needing repair, it is simply to calculate in my head the total.Another great time saving and organizational thing to do if you are rehabbing similar homes of similar size, value, etc. is to form a list of typical items you buy at Lowes or HD, and along with the price, you place the item number on your form.

If you form a partnership (or any other legal entity), you can't be served by a conventional lender. 

Amy,The best way to "practice" a MF deal is to identify a number of properties that you find to be of interest to you and run the numbers on each of them to see how they perform unto themselves and comparatively.The best way to run the numbers is to either create or access a pro forma workbook that you can use to uniformly analyze each property.

Then we compare Cap Rates to determine what's the best Investment at that time.Then a second analysis needs to take place which calculates the future 10 year pro-forma IRR.

NO Owner financing, all cash or nothing.If you were to take the shape of the buildings into account and the surrounding land plus the current and pro-forma rent rolls 2 million to me seems to be a very fair price, and I see where he is coming from.

Also my thought is that what we do as investors is buy at some sort of pro forma even if we are buying an empty box for pennies or dollars.

Form a team, build relationships and grow your business.

However, in my pro-forma I have no idea what expense to include for sprinkler system maintenance and repair.  

Pro forma projections are normally pie in the sky, so I don't even look at projections.