Careful when using just the pro forma as your only analysis on the property.

Now, if you're going to do it yourself, you may be ok with the $, but I would be very careful. 

So I didn’t care about sleeping on plywood, taking cold showers, and eating sliced meat sandwiches.

My two cents...if I am not selling a property, I don't care if it's worth a million dollars or a penny, property values are inconsequential to me for a place that I plan to keep indefinitely.

I generally don't like to go less than $10K-$20K on a downpayment to be sure the buyer has skin in the game.I ABSOLUTELY recommend you work with a Real Estate Lawyer and/or Title company on deeds, promissory notes, deed of trust etc... to make sure everything is drawn up correctly and filed correctly.

Have you had it taken care of successfully?

Definitely still worth the money I spent on it.Take care,Justin Greenwood

My CPA takes care of payroll.

She married moved out of state and left a family member to live in/take care of her house.

Going back to my original, I guess I don't see why a lender would care why an LLC is domesticated in NY versus PA if the underlying property is in NY.