Their pro-forma statements for SC properties has the rate at almost 2%. 

But again, the smartest route is to form an LLC, quit-claim the property into the LLC, form a bank account for the LLC and conduct all business through the bank account and in the LLCs name.

Yes the books took a lot of work. many images made from scratch and designed.I will likely update a second edition later next  year.I'm heading over to your site now to fill out the form as well. 

For example, if you're analyzing a deal that is cash flow negative of $100-$200 per month, what would the pro forma project instead if you the seller were to buydown the rate by X%? 

Through this journey Ive realized if you own land , it will be a great start to start chasing funding for construction or build a creative pro forma to pitch investors, etc. 

We should all connect and form a group.

If you're ever looking to form a joint venture, I'm interested in finding something mutually beneficial.

The two largest unknowns when doing early pro forma analysis are site and hard cost.

@Bryce Jamison I suspected it came form a book.

I know my own home town market ... and I can do a PL pro forma to help me decide how much to spend on a 4 unit here, but how do I decide "good price bad price" down there?