[Same applies for the pro forma figures you use].It may come down to: How good are the financing terms you can get, if you were to only put down between 20-25% deposit?

Am I going to spend my free weekend time working through a pro-forma with you?

Going off your wholesalers pro forma and assuming $175 lot rent (@Ryan Groene could tell us if that's on the high or low end for a mid west park) This 6 plex has a 18% expense ratio and is selling at a 19 cap. 

I always like to do this just to verify that the pro forma and projected rents are realistic.  

I understand that argument but except capital gains which one makes more sense form a cash flow point of view ?

Clients receive the amount on the pro forma provided .

Form a LLC that you are both members on.

I would build a line in my multiyear pro forma and run the analysis both ways.

Then go to the lender and ask how the loan and terms would look on you buying that property (that will open up the conversation) Be very honest with all finances and facts pro forma as they will know if you more forward.

Do I form a limited partnership with an agreement specifying these details?