You may be temped to buy in the hood due to the pro forma (projected) yield, but when the vacancy happens and the property needs repairs-- the extra security, break-ins, theft, etc can eat you if you don't know what you are doing.We also sell the above turn keys on those cap rates based on fair market rent rates.

Hello Everyone,I have decided to form a LLC for my next rental property.

So, given that you clearly made an implication, and given that implications generally have some set of facts or beliefs behind them, I'm curious what your set of facts or beliefs is.If there are no facts, and you just *believe* she's taking campaign contributions, that's absolutely fine...I'm just curious which it is so I can form a better opinion of her one way or the other...

Phase I (Current)TI ImprovementsReserves $75,000 Phase II Exercise lease option $100,000 - $150,000 (20% down shared) Secure long term debt (Fannie /Freddy) Phase III Develop out initial property $250,000 Control of additional ARF-DD $500,000 - $1.5 MM (transactional)We are interested in understanding if you can provide some expertise in helping us identify the best fit structure’s to seek the financing:Starting the facility, opening the facility, scaling the model.I have of course pro forma and more detail, before barraging you I wanted you to respond with initial interest.We appreciate your time and consideration.BestFred & Rose / Casa De Fabiosa

That was simply stated. 9 steps to get money in your account.Find a property, appraise it, run your pro-forma statement, select the right financing, contract a good price, close, put it on your books, rent it, count your money! 

Which is better than the overly optimistic pro forma numbers people usually throw out.

Finally from a practicality standpoint  the DOB in NYC is taking approximately 1 year to approve new building applications (they're very very very backed up)    Then you have to figure on another 18 months-2 years of construction  (could be done quicker  not sure how efficient your crew is)     So I would factor in holding costs into your pro forma.  

Just go on Sunbiz.org spend some time there and review the different forms.Read some articles on how to form a business in FL.

I'm in the Denver area.This is a good resource for modeling projects as well as understanding the elements that go into a development pro-forma.  

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.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.