200sq room above garage that has two closets and door with stairs that go into (incorporated with) the house. previous owners used it as a sewing room) No heater in there.

In my case I was talking to a friend of my girlfriend's and she offered to share some of her rental forms with me and I took some of those ideas and incorporated them into my own forms, I think this is more realistic and representitive of a mentor relationship.

I think incorporating them all in your strategy would give the best results.

We are looking to learn more about incorporating and taxes this time and do this right from the beginning!! 

I plan on taking this info and incorporating it into my marketing campaign to find the best deals for the folks that are already doing business in my area. 

If later you decide to incorporate the plan can be amended at that time to reflect the change in plan sponsor.

I asked him if he could use a narrative report to do the appraisal since the house has 10 brs and 4 garages and rents for over 9k but he said since the bank originally requested a forms report he cannot switch half way. 

Ethics aside, he did what any savvy business person would. protection of assets through incorporation.

I decided it is time to jump in with both feet and get started.I have spent the last 17 years in Corporate America (Strategy & Operations) both on and off shore, however I recently decided to branch-off and explore my capabilities in Real Estate.My goals are ultimately to flip homes, however I would like to start in the wholesaling arena and I am open to any person(s) willing to assist me in starting-up.I am seeking a mentor-type individual in the Fort Worth (Keller) area that would be willing to let me tag along with a process to experience the processes first-hand.

Does it need to be a narrative or one based off of cap rate?