Here's a sample spreadsheet that you are welcome to use:http://www.biggerpockets.com/files/user/d1beard/file/pro-forma-analysis

You'll do fine just don't turn into an Eco nurd trying to justify every transaction by opportunity costs, or computing pro formas with trend analysis models.Sounds like you have a great plan, now work the plan!

If any Lender presses the issue, request for the Lender to send in document form a directive that states that a Buyer can not be a corp., esspecially in a contract where they are not a party.

Brokers always submit fantasy world pro formas...get used to it ;-)

With the units being full ATM the pro forma financials will push the DSCR well above 1.25.How much weight does the pro forma put in if the current DSCR is not that great.

My CPA said the way to do this is to form a C-corp that is registered in the state of OH, get a 21% tax on profits, then only have the CA qualified LLC send/receive money to the C-corp via low interest loans.I am looking for the best entity structure to enable me to do the flips protected and having best tax benefits without having to pay CA twice.Thanks,Paul

The lender worked out a quick pro forma with me: a deal needs 1.25 debt coverage to qualify.

Then form a series llc for the next properties.  

Example:Price: $2.25milCap Rate: 7.3%Seems solid enough, but when I get actual detailsActual NOI: $104,767.18Pro-Forma NOI: $163,363.99It's be great to get actual pro-forma NOI but why would they estimate so much higher than actuals?

If you form a relationship with just one agent and use them exclusively I feel as if you will get better results.