My two deals are $1.1 and $1.2M right next to each other and I'm concerned that the huge cost of lawyers to form a syndication could eat into everyone's margins.

You have to dig into the pro-forma and ask the lead sponsor questions to get a feel for their business plan.

My guess is a nicely remodeled property in Salem will sell for $100-$120k per door based on area.If you’d like some help putting the property into a pro-forma and other quick tools analyze the deal i’m happy to help.  

To me this thing barley even cash flows (with financing of course) after the 2 year scenario of the pro-forma based on a purchase price on actuals at a 8.5% cap.

If not you may still need the Realtor's help and may have to either request the seller pay a commission or form a separate agreement where you pay commission. 

Some turnkey companies claim that an investment in a property that doesn't appraise still makes sense, based on the ROI in the pro forma that they present to you - watch out for this.

your best bet is maybe dig around and find something of similar size/location and see if you can find the pro forma or budget or similar. 

You can do this on your own or form a partnership with someone else.

However, you can calculate both of those figures from the rent roll2) It depends on the type of expense tracking the current owner did and the assumptions the broker uses in their pro forma.

I came from the US, where I felt most comfortable operating my rentals under an LLC I owned, but that option is not available here in Canada and for various reasons, I don't want to form a corporation.Do any of you sole proprietor Canadians operate your rentals under a business name, or do you just use your real name?