I was planning on using a landing page with a short form as was suggested.

Be cautious of the pro-forma returns that marketers & sellers are estimating as they very seldom hit those returns.

So, we see; "One Dollar and other good and valuable consideration paid in hand...." which is simply stating the contractual requirement to form a contract.The next and more important question is: Is the consideration equitable for the transaction contemplated.

The issue is that no one knows "your" form as compared to the "standard" form.

Many people will havetheir IRA form a Check book IRA LLC and then purchase real estate. 

The newer nicer buildings look worse at  first but a true realistic pro forma based on life cycles of everything imaginable from carpets to refrigerators to roofs etc, paints a different picture.  

I have pro forma statements that I can send to you revealing what you can expect for income and expenses for certain homes in certain vacation home communities. 

That said, if you decide to go the turn In general, the ones to avoid are the ones that:Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)Don't allow for your own independent property inspectionAre not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)Require you to pay for any renovation upfrontSell only in cheap. low end neighborhoodsDon't accurately represent the neighborhood/property classificationDon't have consistent rehab standards for all propertiesDon't provide a scope of work for the propertyCan't provide references of repeat investors Require you to close before a tenant is in place

- cap rate on reported trailing 12 month NOI- cap rate on annualized trailing 90 day income minus trailing 12 month expenses (adjusted for property tax reassessment)- cap rate on brokers pro-forma stabilized NOI- cap rate on MY pro-forma stabilized NOI- cap rate on after-rehab stabilized NOI using cost basis including rehabUgh...Too much emphasis is placed on cap rate.

The seller has sent me an excel file which is basically a pro forma income statement.The monthly numbers are as follows:Income: $5700Repair & Maintenance: $200Insurance: $200Property Tax: $800Gas: $100 (seems low to me for an 8 unit)Electric: $100 (seems low to me)Water: $75 (seems low to me)Garbage: $60 NOI: $4165 Is this missing any numbers that I should be including (beside) debt service?