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?

Before you pay above the appraised value for a property I'd make darn sure you're rock solid (read: conservative) on your pro-forma projections.

The ultimate goal is to find a CPA to form a long term relationship with to help my along my Real Estate Investing career, and make them and me lots and lots of money.

My question for anyone who has the right answer is,"do I NEED to form a company in order to obtain real estate loans for investing in rental properties(since my present personal credit score is poor)?"

update: I put together a good presentation package (featuring all property details that I have available, full detail ( accurate/conservative) pro forma numbers. 

Although I didn't meet enough personnel in either location to form a fully accurate judgement, my instinct is I would relate better to the KW team, they just felt more modern (I am in my mid 20's).