One failed roof or HVAC system can destroy months or years of pro forma "cash flow

Form a corporate business to protect yourself and do all contracts in your company name by adding "or assigned" to your contracts.  

Hope to connect with an experienced investor to form a long term mutually beneficial relationship.  

All pro forma numbers. 26 door apartment complex in Lakewood, WA.

Thanks Michael, I know I need to form a company to protect my personal assets.  

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

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

Brenton Vandenbosch If income is tight, but you have other skills that you bring to the table, you could look to form a partnership with others who do have capital.

I do have a modified monthly pro-forma for STR's that breaks out essentially weekly and weekend rates with different occupancy in peak season and off season to arrive at a gross annual income. 

We are budgeting conservatively on our pro formas, but to their benefit, they will be self managing which saves a considerable amount as a line item.The reason we are comfortable taking these terms is they will be making a very small down payment (FHA or 5% conv) so we are not overly-worried about having to liquidate the capital in a down market.