He said, "My friend, they don't care if you put steak on your table or hamburger helper" As someone who points out all the flaws, runs conservative pro formas and struggles to attain REAL deals for my clients, it drives me absolutely bonkers when something like this happens.  

Next form a team and that is done by the networking that you do at the meetup groups and reia's. 

Other expenses are going to grow at more than 1% too, so I'd say that assumption is way off.When I see sponsors play games with their pro-formas, I pretty much lose interest right away, because you can't trust much of anything from them. 

The link to "Building a Pro Forma:..."

But why not form a partnership that enables you to wholesale your own deals and split the profits 50-50?

He is also looking to fund a large construction project for a 60+ unit apartment complex, and is seeking to form a syndication to help fund the construction.I'm attempting to help him by reaching out to accredited investors such as doctors and attorneys via phone/email to gauge interest.In reality, I have very little idea of what I'm doing, and am not sure if calling/emailing these individuals is kosher.Any thoughts/ideas/criticisms from those of you who are experienced in this area?

Here are my calculations using the BP analysis tool if we buy them as a package:Monthly Income: $2,795.00Monthly Expenses: $2,222.31Monthly Cash Flow: $572.69Pro Forma Cap Rate: 10.36% NOI: $13,983.00Total Cash Needed: $41,250.00Cash on Cash ROI: 16.66%Purchase Cap Rate: 11.19%Gross Rent Mult: 3.732% rule: 2.07Debt coverage ratio: 1.97Total monthly cashflow using the 50% rule: $804.94Here's one of my many questions: I entered 10% of gross monthly rents as expenses for both CapEx and repairs.

For instance many of my clients have money but need help understanding how it all works so I spend a bunch of time educating them and we form a relationship going forward.The bigger firms tend to set up broker/agent teams and they push listings from large corp. clients.

We would like to form a corporation through which we would like to buy more deals .

I was thinking it would be a good idea to form a good working partnership so I'm not caught off-guard again!