@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. 

Do you guys use selling agent Pro Forma rent ($5,000) or actual rent ($4,270) to run the numbers?

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.