How realistic are the pro forma figures that you're being given?

I even tried calling form a friends number.  

You can be the Syndicator, and form a limited partnership with other investors.

If what he was really saying is what you stated in your first paragraph (not the example) - that annual return he anticipates in his pro forma needs to be higher than the rate of inflation to match/beat inflation - that is also true. 

It determines the rights of an individual lender who inadvertently described his lien on a mechanics lien form as it applies to a bona fide purchaser. 

The owners will form a committee and the committee will manage the development and the facilities through the full time Estate Manager and his/her team.Q.

Here's my pro forma underwriting:

It's not ideal form a "buy low, sell high" perspective, but if you get in early, typically there is an early bump in property values in a new development,  you can often get hoa rules waved as an early investor, and often get a bit of a discount for being early. 

@David Dachtera  I would not call BofA or wells fargo uneducated lenders.. they are forced into lending in areas they would probably red line if they could.on the fix and flip again your coming form a position of inexperience as a lender.. it  all sounds good in theory.

I created a form asking common straight forward questions used the html link that jotform gives you for every form you create and pasted that in to the website I created. the beauty is that the form as an autoresponder setting that comes intergrated.