In other words, records must be maintained "in a manner so that the assets of the series can be reasonably identified by specific listing, category, type, quantity, or computational or allocational formula or procedure."

We do a lot of this work, so in many cases we already have the formula and simply need to check measurements and panel limits (electrical limits).      

There is a circuit split that the federal courts of appeal have failed to resolve in the last 18 years since the first Series LLC statute was enacted in Delaware.Further reading: http://www.americanbar.org/publications/blt/2014/0...I don't believe the entity is any magic formula for real estate investors.

Agree with your formula for cap rate.ROI is based on your actual investment.  

Before I knew what CAP rate was my business partner and I came up with a formula that determined down payment pay back in terms of months.  

My question is does this formula still work with condo's that have high HOA fee's ($200-$300 monthly)?

The formula:1) The owners:  one person wants to sell, the other wants to rehab.2) The RE agent host:  Shows them three properties with the first two usually not even close to what the couple wants and then the "magical" third property. 

I have a different formula. 

If you don't laugh after this story, think about Einstein's success formula: Success = work hard + play with life + keep you mouth shut.

It will also tell you How many rolls of drywall tape it will take to do the job.How many pounds of drywall screws or nails and their size.How many pails of Joint Compound you will need to finish the project.and all the tools you will need as well.Bonus- there is a free downloadable PDF as well with all kinds formula tables as to help make things easier.