Value = NOI/CAP.If possible, base your numbers/offer on the T12/T24/T36 (the actual trailing 12/24/26 month financial statements) rather than any estimate or projected pro-forma they provide you - be insistent that they provide you with the T12/24/36 so that you can run numbers yourself.

I had no idea about these terms and vocabulary used in evaluating rental property.My main question is,   What is a decent, good, and great number to achieve on rental houses in general  for these categories;Pro Forma Cap RateCash on Cash ROIPurchase Cap RateIncome-Expense Ratio 2% ruleDebt Coverage RatioTypical Cap RateGross Rent MultiplierBoth houses of rentals of mine, or single family ranch house.  

To be clear, not just site, but pro-forma to show the potential returns based upon your experience (say your 3 unit). 

@Mike DymskiIt would not generally be required to have state registration for a LLC when making investments into a state-registered entity such as a LLC or LLP that would form a syndicate. 

Their pro-formas will almost always try to show what a great deal you are getting and suggest that if you don't hurry you will miss out on the opportunity of a lifetime.   

Something I’ve thought about for some time, but without action...you know....I’ve been studying and researching for a little over a year now, but making connections is my growth area so that I can form a good community to learn and work with.Whats the best thread/article you’ve come across on:- finding the first deal/learning with others executing a deal- creating a successful team (contractors, inspectors, real estate lawyers, etc.)- analyzing deals (preferably comparing 2 or more deals)There are so many threads here, so maybe this can help me get to some specific links or info a bit faster.

Do you suggest talking with a CPA to form a partnership.

They aren’t called Constitutional addendums, but amendments.Addendums are separate forms that are part of the contract beforeit is ratified and amendments come after it’s ratified.Contingency release formA contingency is, simply, a condition.

This is a mom & pop apartment so there are no financials just rents and the expenses that were included was insurance, utility and that's it.I am trying to build a pro-forma with the info that I do have.

I want to begin wholesaling in this area and I'm here to network with people who know the area well and want to form a solid relationship.