I think you will first need to add a subordination clause and then put together a really good pro-forma operating budget and income statement.

There are so many unforseen variable that can and generally will affect actual performance that, while you can make a good guess, I have never seen one that was on the bottom line.IMO, again, lenders want to see your pro forma as part of your loan package.

Im weary of many of these companies due to their inflated pro forma, and over priced management fees. 

I have a pro forma spreadsheet i use to analyze deals and show to my partners, etc... but i was wondering if anyone on BP had a full investor package template that they typically use (and could share) to present to investment partners (either on syndication deals or on more vanilla deals).  

I would also try to get into or form a mastermind group for support and ideas. 

My IRR target depends on a lot of factors and how risky the deal is -e.g. how comfortable I am with the pro-forma numbers, whether I am ahead or behind other lenders, the partner I am working with, etc - but anything that is not at least in the low-mid teens ( with my own estimates) makes me think hard.

Overtime it will become much eaiser to walk away form a failed deal, just move onto the next one!  

In particular as it relates to RE.Is it not true one can form a Property management company to manage their rental and thus be eligible for a Solo 401k?

@Chelsea ShapiroHow to write a pro forma that is actually realistic.

Should we form a Series LLC and if so should it be in the state of Indiana or should it be here in TX?