If you could do that, you'd make millions and never have to buy any property.I believe Brandon mentions that it's a therory and not an expectation or guaranteed method, but a means to a plan.Any time you are dealing with projections of value or income, pro forma statements, your guess is only as good as the data it's based on, usually the more conservative the closer you'll be to actual performance.

Any suggestions on how to FORM a REIA?

Created mortgage and note for the private lenders recorded by the title company at the courthouse, with lenders having pro-rata fractional interest in a 1st lien position against the property, with further collateral in the form a personal guarantee by yours truly.Details (Nitty Gritty!)

either form a company and hire an employee or find a broker to manage for you.

We projected $55,100 on the pro forma with our actual collections now post-rehab at $57,390, so over a 21% increase in gross receipts was attained in a 6-month period.

Another option, if you can prove yourself on a smaller basis over a period, you can build up 100k and form a tenants in common (TIC) investment group, and have 9 other people invest 100k.

I am thinking of weather operating my llc that I am about to form as owned by just me or include my wife as partner.

I thought it was necessary to form a company because I have 3 friends working with me, is that not the case?

Here's a sample spreadsheet that you are welcome to use:http://www.biggerpockets.com/files/user/d1beard/file/pro-forma-analysis

In a conservative pro forma income statement, use 10%, that's basicaly 5 weeks in a year