Concurrent to that, I'm working to build a team of my own on the ground in the same markets they operate in (realtors, property managers, inspectors, etc) to see if I can match or beat the pro formas that I've received.

Unless you are either fully equipped to handle these tasks or are able to form a team between now and then I would highly recommend Hiring the Management out.

Form a meetup.

In regard to the discount rate for a DCF pro forma, understand that the purpose of the IRR calculation is to find the exact discount rate that would make the present value of the future cash flows equal to what you paid for them.

If you use a water based acrylic caulk it cleans with water so you can form a beautiful bead with nothing but a wet sponge.

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.

The minors guardian who holds legal rights for the minor is who you will have to deal with  to form a binding contract.

Form a JV (joint venture) with some friends (specifically 3) and purchase all cash.Examine the title to verify you have ONE property with 3 units.Buying all cash, you should be able to vest title so that each investor gets one unit.

Not sure if anyone mentioned this:  get together with some other investors in your area to form a buyers' group and use this to leverage the Pro desk at Home Depot. 

Any suggestions on how to FORM a REIA?