You could also form a 3rd for the management side of things.  

This makes their pro-forma numbers look better on the exit.In addition to this, there are lots of incentives for new development (tax credits, grants, TIF funds, etc.), so depending on the project there could be some degree of subsidization.ROI does not take into account time/effort. 

Hoping for insight, pros, and cons of forming a partnership for fix n flips and perhaps buy and hold rentals. I bring capital, a real estate sales license, and lead gen/marketing to the table. My potential partner is ...

We should form a partnership (limited liability partnership?)

Be sure to create a pro forma P&L and then adjust accordingly as more accurate data comes in.

hello,I am not sure where I even got it, maybe from a request form a website, but I have been receiving stuff from Richard Roop's group, which apparently are mentors and REI trainers.

As for apartment complexes, since you mostly see 1 year leases then you can either value the property based on actual figures or pro forma figures.

The question is for me how and where can I form a L.L.C. and what are the postive outcome for a person like me who is just starting?

If this stuff had value as more than a part of what one should know to see what's coming, it might be "marketable" in some form. As

I also took an urban development course in grad school and had to come up with pro formas and everything for a larger apartment building with first floor retail.