That's in keeping with that investor seeking like kind investments in real estate since risk is also a part of the equation.I agree that the IRR is more appropriate and that the cash on cash evaluation is more significant.The tornado example is something I would have used perhaps with a college finance class when I taught finance, not that it was the most realistic, but that any change in assumed data of your pro forma could greatly effet the outcome.

If you anticipate push back you may be safer using the board form as the board has a practice of using any excuse possible to support tenants.

We will be including that expense in future pro forma’s prior to purchase.

I see all these pro-formas on the marketplace with monthly taxes of $30/month. 

The best way is to form a relationship with them and then start adding value to them as often as you can. 8.

Even better is to create a pro forma based on your income and your expenses.

Sorry, but this sounds like a mess waiting to happen.So I guess you would form a new LLC for the purchase to satisfy the HML and have your existing LLCs as members. 

Probably make sense to do some research and form a long list then narrow down to a short list after interviewing / calling.Let me know if you have any questions.

We would like to send a Estoppeal Statement and I have a few questions.Do we need the current landlord to sign this form as well?

In the past, I’ve only purchased through brokers, who provided their own pro-forma APODs and applied a too-low cap rate to derive a too-high purchase price.