They need to know that should I default on my loan, they can sell the property and recoup their money.At the end of the day, I refuse to accept the seller's pro forma, I will verify.

Trying to form a plan, so knowing what we can and can't do is important!

Once you find a sponsoring broker, you could form a team of agents to work with you as well as operate the property management on the side.

We talk amongst ourselves for 45 minutes, then we form a circle and go around introducing ourselves, what we do, what we are looking for, and what we may have to offer the group.

Depending on property location, some Buyers DO offer a premium price; especially if the land there is ripe for value-added development, or is unique/famous/rare.I suspect that any pro forma letter sent to you will NOT be from those Buyers! 

What you used as Year 1 pro forma is your stabilized pro forma.

I am looking to form a Texas LLC with the use of a Texas Based Registered Agent since  I move frequently due to my job. 

., should I form a new company as XYZ holdings LLC and buy the property with XYZ holdings LLC and let ABC, Inc. pay the lease for it?

George has provided a very summary answer on that front.Or, are you asking whether the plan itself needs to form a LLC for purposes of investing? 

Edit Report Other actions $1,300.00MONTHLY INCOME$1,636.01MONTHLY EXPENSES-$336.01MONTHLY CASHFLOW3.65%PRO FORMA CAP$10,140.00NOI$59,500.00TOTAL CASH NEEDED-6.78%CASH ON CASH ROI3.69%PURCHASE CAP RATEExpensesIncome50% RuleTotal operating expenses:Mortgage expenses:Vacancy:$65.00Repairs:$65.00CapEx:$26.00Management:$143.00P&I:$1,181.01Property Taxes:$156.00 $275,000PURCHASE PRICEPurchase Closing Costs$2,500.00Estimated Repairs$2,000.00Total Project Cost$279,500.00After Repair Value$278,000.00 Down Payment$55,000.00Loan Amount$220,000.00Loan Points$0.00Amortized Over30 yearsLoan Interest Rate5.000%Monthly P&I$1,181.01Total Cash Needed$59,500.00 Financial Info0.47%2% RULE $58,000.00TOTAL INITIAL EQUITY 17.63GROSS RENT MULTIPLIER 0.72DEBT COVERAGE RATIOAnalysis Over Time1% /yearEXPENSE INCREASE 2% /yearINCOME INCREASE 3% /yearPROPERTY VALUE INCREASEYear 1Year 2Year 5Year 10Year 15Year 20Year 30Total Annual Income$15,600.00$15,912.00$16,885.94$18,643.44$20,583.87$22,726.25$27,703.18Total Annual ExpensesOperating ExpensesMortgage Payment$19,632.09$5,460.00$14,172.09$19,686.69$5,514.60$14,172.09$19,853.79$5,681.70$14,172.09$20,143.61$5,971.52$14,172.09$20,448.22$6,276.13$14,172.09$20,768.37$6,596.27$14,172.09$21,458.48$7,286.39$14,172.09Total Annual Cashflow-$4,032.09-$3,774.69-$2,967.85-$1,500.17$135.65$1,957.89$6,244.70Cash on Cash ROI-6.78%-6.34%-4.99%-2.52%0.23%3.29%10.50%Property Value$286,340.00$294,930.20$322,278.19$373,608.75$433,114.94$502,098.92$674,778.97Equity$69,585.80$81,587.87$120,254.98$194,656.21$283,770.34$390,751.93$674,778.97Loan Balance$216,754.20$213,342.33$202,023.21$178,952.54$149,344.60$111,346.99—Total Profit if Sold *-$19,716.89-$12,262.63$14,221.03$73,502.48$154,596.89$261,436.42$572,322.66Annualized Total Return-33.14%-10.90%4.38%8.38%8.91%8.79%8.19%* Property value minus net cash expenditures and sales costs