I am waiting for actuals to run the deal which I should get tomorrow... the pro forma #s were (as they seemingly always are) Pie in the sky...Thanks BP -nation!

DO NOT ACCEPT PRO FORMA DATA!

On the other hand it is typical for them to give you some kind of pro forma which details the income and expenses for the property.

Interesting, but I’ll have to find out if my ordinary income was reduced by depreciation, and therefore any gains will be taxed as ordinary income and not more favorable capital gains...When is bigger pockets going to form a lobby or pay a lobbyist to advocate a longer window to use 1031 exchanges??

I have a quick question:When trying to form a Section 8 deal, have any of you done this in conjunction with a BRRRR strategy?

If doing a TIC purchase you may want to form a separate management entity that you are both members of. 

The best part of this is that you can create a "child" series from your computer at home, it doesn't require to forma brand new LLC for each property, while still offering the liability protection you are looking for.I set up entities like this all the time, so if you have questions about it feel free to ask!

If you're dead-set on getting bank lending then they are probably not going to look and/or lend on a pro forma.

Do I form a partnership, or LLC?

Investors will find those services more valuable and want to form a relationship with you