@Jamiru MutebiMake sure that you fully understand how the numbers and legal structures work Learn how to conduct pro forma analysis and contact law Let me know if you have any specific questions

A quick way to estimate topline revenue for a specific property would be to use a tool like Airdna or Rabbu, then you can run a full pro forma from there.

* Schedule GC Walk-Through(s) * Get Contractor Quotes Purchase Decision: * Perform Final Financial Analysis Using Estimates/Quotes * Perform Both Flip and Rental Analysis * Make Go/No-Go Decision on Purchase Upon Contingency Finalization Final Purchase Prep: * Get Closing Date from Lender/Agent * Arrange Landlord Insurance Policy * If Financing, Connect Insurance Agent with Loan Officer * Follow-Up on Appraisal with Lender * Get Pictures/Video * Choose a General Contractor * Choose Sub-Contractors (if no GC) * Determine Exit Strategy * Create Rehab Schedule (if no GC) * Create Final Budget Prior to Closing Final Loan and Closing Prep: * Obtain and Review HUD-1 * Obtain and Review GFE (if financing) * Ensure Loan is Ready for Closing (if financing) * Get Certified Funds for Closing * Determine How to Hold Title * Get Partnership Agreement Documents Signed (if partnering) Upon Closing Day of Closing: * Get Keys * Change Property Tax Records to Home Address * Get GC and Sub Contracts/Docs Signed * Arrange GC and Sub Start Dates ----------------- Also, keep in mind that if you're purchasing larger properties (4+ units), you'll likely want to get all the pro-forma data (and actuals) from the seller to do your analysis.

@Jenet ChristiansenWelcome to the BP community, where you will find like minded individuals committed to REI and also helping others succeed.I am very sorry to hear that your dad an daughter passed.You mentioned a desire to form a LLC and as such I added a link for your review.https://www.biggerpockets.com/rei/real-estate-corporation-llc/ (Business structure LLC and Corp info)Your time on this social media site will be well spent.You have taken the 1st step by announcing your readiness and commitment to embark on a REI career.Whether you pursue, wholesale, rehab & fIip or buy and hold it's up to you to decide.The bottom line is that you must take action to start.

Buyer will have 5 days after a written corrective proposal is declined  to accept the property "As Is" or terminate this agreement in writing, with all deposit monies being returned to the Buyer"  I have other addendums regarding the documentation I require of the seller regarding pro forma costs claimed rent roll...

If the crowd you are working with really are friends, they will form a view about what you are suggesting and make their decision.

@Brady BoyerThe showing request form as mentioned below is a great way to weed out unqualified & uninterested candidates.

Expenses look low too, but somewhat more realistic than most pro formas I see.

also I realize I left out taxes they are 190/month Casey,Based on a crude pro-forma it appears to.

If you form a LLC, have both of you be members of it.