Cash on Cash ROI, Pro Forma Cap Rate and Purchase Cap Rate.GOOD DEAL is only based on Monthly Cashflow greater than $200 but I really want to factor in the Cash on Cash ROI metric.

THAT is how you base your offer, Condition AND Financing.

I am a realtor based out of Cleveland, OH and I have a client who is looking to lease a commercial space for his business.

Pick a market based on the demographics, for example, and then get comfortable with what things cost and what they rent for.

A simple web search for piercing the corporate veil will outline the Do’s and Don’t’s as it pertains to operating a LLC with this in mind. 

Ideally I’d love to find a lender who would lend based on ARV instead of LTC.

Most of these eliminate the absolute “newbie” who has been taught to run around making “offers” on FSBOs based on “guesstimates” of repairs and then try to “sell” the contract to a fix n flip buyer and if not successful utilize a “weasel” clause to disengage from the contract unscathed.  

When you go to pick a new restaurant, you have some idea of what to expect based on the $ - $$$$  used.

Otherwise, I would always suggest hiring an attorney to draft one up for you, or at the very least, find a template and have an attorney review it to be sure you've got your bases covered.Good luck! 

You'll have a "base rate", usually based on LTV and credit score on a grid, and then you'll have "loan level pricing adjustments" (LLPAs) that will adjust that.