To get to that offer, I need to quickly build my pro-forma, which includes a quote for insurance costs.

He would hold a mortgage on the property and there is no requirement for you to form a partnership.

Hi Mark -I am not personally involved with any homes in Solterra, but I have created pro forma statements on 5 and 6 bedroom homes in there pre COVID. 

Hey, best advice I can give you is use an agent that can give you an accurate pro forma. 

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

Quality of life, tenants and neighborhoods all play a factor into your Pro-forma analysis (at least they should).

This allows you to form a new active business (real estate development, restaurant, etc. - but not passive rental holdings) as a C-corporation and have a retirement plan tied to that corporation purchase parent company shares as an employee stock option purchase (ESOP).  

This means learning the language and metrics of finance and use those to skills to perform pro forma modeling.Please let me know if you need any assistance.

@Steve KarpinskiHere are the basic steps you need to take as you form a LLC in PA.1.

I could get a much better pro-forma return but I’d probably have a heart attack.