The Trust and the S-Corp then form a multi-member LLC "holding company" which is also part owner of the S-Corp.

I came form a food stamps family in Alaska.

Hello everyone,I was wondering after I start investing into properties what would be a good sized portfolio to start forming an LLC with, or maybe what income level should I start to form a Allc

Older units are caping at 6-7 around here and to me, that implies you are getting pretty close to a top.The guys with a lot of experience all saying you have to be super selective  right now.Whats even worse, to get to that cap of 6-7 you are usually getting pro forma or fantasy numbers!

I have a deal that is ready to close, but we are having problems vesting and we need to form a new S-Corp to hold our purchase. 

All the LOI does is to form a written intent of interest in the property and under what terms and conditions that due diligence will be performed, what activities the seller will assist in, the expectations of contracting, the time frame expected for inspections and when they may be accomplished.

I would start by talking with a few local lenders and seeing whether you could get the funds to perform the rehab.The bank or a commercial broker can help you build a pro forma for financing and income after the rehab so you can decide whether to hold it or sell it.

Could very well be you need to broaden your knowledge base of REI.I highly recommend BP's Ultimate Beginner's Guide, it helps to form a general foundation in the industry.

Actuals are more valuable and consistent with volume from multiple properties but still relevant obviously come tax time.That's why people dismiss, or at least should, dismiss prop forma numbers provided by commercial brokers and insist on seeing last 3 years actuals as well.  

How might the property's pro forma impact qualification and terms?