IOW, if you form a corporation in another state, Nevada let's say, but fix & flip a home in California, you must register your Nevada corporation in California as a foriegn entity and still pay the $800 tax.

Look at the condition of the properties and set out a maintenance schedule as a pro forma as you may have significant deferred maintenace issues, landlords at 80+ usually don't do the little things they should have and if it was managed, the managers may let things slide as well.I think, depending on the properties and the local market, that you should look at the entire portfolio and spin off those you do not want to keep.

Hey there,I know their are a lot of variables but, ignoring the cost of the lot itself, do these numbers look reasonable to build a 2,300 sqft home (new construction) in the SE USA market with a target resale list price of $200K.Direct Cost$112,000Standard Features$5,000Site Conditions$3,000Builder Fee$12,500Utilities / Maint$1,200Commission$12,000Closing Cost$6,000I am just using this as an example - as I build a pro forma template for new construction.Thanks - TTFN,Greg

Interested investing in lower priced neighborhoods they could afford2 - none of the investors form a link with them, or bond, OR they are not interested in helping3 - person is stuck4 - then they call me.The read a 1000 article method and 500 books isnt reality - so stop giving that advice. 1000 article with 1000 pieces of advice is not helpful.

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

)  I would form a LLc and keep a low profile .  

What is the Pro Forma NOI?

Example: Two people come together to form a partnership as one entity that buys n holds, Fix n Flips and does syndication deals in mainly the MF area and at time SF.    

And the cash flow that I actually got is far less than pro-forma data. 

If the site is not zoned (at all or as lots), you have land that needs work that can include, annexation, zoning and preliminary and final plat approvals to meet the permitting authorities definition of lots and shovel ready.In any event (whether or not you own or hold the right to purchase the property), the only way to answer your question about the best choice for your partnership on an informed basis is to run pro forma analysis on your alternatives.