Absolutely, I would look at some sample business plans and pro formas and get your plan on paper.

I purchased my first home last month on a 5% down payment with quicken loans on my 22nd birthday. My mortgage is only around $600. I could easily rent it out for around $1100. Its a 2 bedroom with a 1 car garage and f...

And then I usually add a safety factor (for example I will apply 1.5 X or 2x stress) since it's possible future recession could be worse.I take the pro forma at the worst point (which is usually year zero) and then apply that stress and see if I could live with the results or not.2) I tie this into a timing bucket portfolio allocation strategy to keep cash flow steady.

Our eyes can easily fool us, and it takes a lot of time and effort to try and fully understand an issue, identify the problem, and form a viable solution.

I recently wrote a blog post describing these issues in depth.As an attorney that works in this field, I often will help out investors on the cheap with these kinds of issues because it helps me build a relationship and it takes very little time to change around my form as long as no custom language is needed.

I have a buy and hold mentality and have dealt with wholesalers predominantly form a buyers prospective.

Do I need to form a company to invest in these notes?

In my pro forma that property would project way lower cash flow than I can achieve through Money Market or CDs.

So, you would either 1) form a LLC in PA in your case and either yourself would be the member/owner or your WY LLC would be the member owner, or 2) register your WY LLC (parent/child, sub LLC, whatever) as a foreign entity LLC in PA. 

TeamI am looking to form a LLC through Legal Zoom or Incorporate.Com or some other site (LLC.COM).