In paying cash for foreclosure sales as part of the 26, I realized I could form a team and do well.

The private financier lends money to your LLC and then you form a Joint Venture (JV) with the rehabber to finance the project.

You could have 2 or 3 investors or 50 or even 100 form a mortgage brokerage and hire a licensened MO.

I did not form a legal entity or LLC as a property management entity, or for the first property.

I think it is important for investors to form a relationship with a lender who understands their business model and can help them as they grow their real estate portfolio.

I could tell they were knew reading form a script.. so its those that have no real training that can foul up a seller pretty good.. and that is what those of us in the industry and are licensed do not like to see

There are no "actuals" only a pro-forma analysis, the deal has been around for 2 years, etc.  

Don't buy in pro forma or presumed appreciation, buy in actuals!

We've included our pro-forma reflecting the anticipated timing of the upgrades and resulting rent increases for the upgrade program <link to pro-forma>.Our dog park is complete.

Should I budget for property taxes to be higher than what the previous owner is showing on their pro forma assuming I am buying the property at a higher price than the current assed value listed by the county?