So if we skip that form as the buyer for awhile we can get out of the contract in 2 weeks using the mortgage clause and get our EMD back.

Curious, with provocative titles and the gory details,  is it your intention to form a  short term rental  investment business?

If the numbers are projected (pro-forma) then you’ll want to reference then again other sources, for example property managers and online rent rate tools for market rents.Another thing you must do is make sure the numbers you’re being given include “soft” expenses such as vacancy allowance and maintenance & repairs.

The other probability is that it's not a 15 cap on todays numbers, but a 15 cap on what the broker pro-forma says.

I usually do 4-5 year pro forma's with 2-3% rent increases each year.

I am studying land development and want to produce a pro forma for a large residential subdivision.

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.

By providing capital to another party (who must be unrelated to the IRA account holder), and simply receiving interest on the loaned money, this becomes a passive investment transaction not subject to UBTI.For some investors, it can make sense for the IRA or 401k to form a "blocker corporation".  

There is no form. As

What you can do with a Commercial Lender is 1) form a 'pool', 2) get a LOC. 3) borrow from the LOC to buy/improve an asset, 4) encumber/sell the asset, using the proceeds to pay down the LOC.