I can already tell this industry is going to help form a great deal of patience.

Here's my best estimate of a pro-forma on a $200k sfr in nj.http://i970.photobucket.com/albums/ae184/thecentfamily/propertysheet2.jpg

To get into the property earlier, you could ask to tour the common areas, mechanical rooms, and a few vacant units before you make an overture.Once you have done your initial analysis based upon the pro forma / memorandum of offering from the Vendor and decided to pursue the deal, you will either submit an offer of purchase an sale directly (on a small property or straight forward deal that required little additional diligence) or you will submit a Letter of Intent (LoI) outlining your intended offer, the materials you require to complete diligence and the timeline to an agreement of purchase and sale.In the materials you will request from the Vendor, will be information on all existing leases and any other agreements between the landlord and a tenant.  

Stylistically on your pro forma, usually I see NOI calculated as a line, then mortgage, then cashflow rather than showing the mortgage line above expenses and taxes.

I have been agonizing over ownership structure for past week because I want to buy soon and have seen properties I'm interested in, but I need to decide whether to form a corporation and form one before I buy the property if I will have my corporation hold it, and I am very concerned about legal liability as well as overly onerous and/or expensive tax obligations. 

im trying to form a plan to start investing into oos multi family properties in columbus ohio. i have been giving thought as to how i can go about financing my first deal and if i would qualify for any type of loan. i dont have consistent pay, voe, tax info and im starting to build my credit but i have savings in the bank. ive been self employed for about a year and a half doing handyman projects for people around my area has anyone ever been in a situation like this?

What is the pro to form a LLC in Nevada?

Friend B has the money to make it happen.They decide to form a multi-member LLC.

Should I form a partnership with the investor and then form a contract with the contractor who then in turn deals with the owner?

Some things you could to make your case is pull sale comps for the neighboring properties that sold in that range (simply being listed at $15-$20 psf doesnt count until a sale closes); you could also put together a pro-forma analysis for your speculative development using lease comps that justify a higher land price.