If the pro forma cash flow does not get realized, they have no profitable exit strategy.

Here are the current numbers on the performance of the home:  Address Type Sq Ft Rent 4102 2 bed 1 bath 945 $250.00 4102 -A 2 bed 1 bath 945 $550.00 4102 -B 2 bed 1 bath 945 $550.00 4102 - C 2 bed 1 bath 945 $550.00 4106 A 3 bed 1 bath 945 $550.00 4106 B 3 bed 1 bath 945 $550.00 4110 3 bed 1 bath 945 $550.00 4110 A 3 bed 1 bath 945 $- 4110 B 3 bed 1 bath 945 $- 4110 C 3 bed 1 bath 945 $- Total 9450 $3,550.00  Pro Forma Calc.

In other words offers made on value of property as it stands today not on pro forma numbers. 6a.

I have inspected them inside and out, and run financial pro formas, and its tough to find a good deal, unless you just need to avoid taxation and need a spot to place your money. 

I have setup like this since for every new property I purchase, I can form a new LLC and have the parent company be listed as the Sole Member.

If there are any standing puddles of water in the yard, make sure they get drained, and form a solution to keep them drained (French drain perhaps). 

So its not a letter form a HML or a pre approval from a bank its proof that I have the cash sitting in the bank. 

I'll post the pro forma when I'm back in the office.

If for nothing more than to reinforce the assumptions in your pro-forma.

Account Closed you're absolutely right, it's all about cash flow... but it's not too difficult to derive someones cash flow from the gross rents- and I didn't want to convolute the purpose of this post (commending someone for their performance) by turning it into a pro forma sheet.Go ahead and take those rents and subtract all of your standard pro-forma operating expenses, and reserves.