He's claiming 35% of gross income as operating expenses and breaks it down every which way but that's meaningless to me, I toss pro-forma numbers out the window unless they admit to something damning.

For Trust- Would LLC go in Trust or First I need to form a Trust?

I'l bet the rental rates given are pro-forma, since one unit is described as 'move-in-ready'. 

Maybe we can form a BP group!!

Don't settle for 1% deals, and run a conservative pro-forma with accurate expenses and healthy reserves...

It is important to form a relationship with a General Partner prior to going into a deal. 

I hope everyone is well! I was curious to see how I could go about setting up this company I have in mind. There are 3 partners. 2 partners with an MLO, and real estate license. We also have a partner with a GC licens...

A) Well Organized and Reliable Pro Forma Investment Spreadsheet to accurately identify a properties investment potential.For Buy and Hold (SFR)I am a realtor so I understand all of the cost at closing from both the buyer's and seller's perspective so I will skip that part. 

I've gotten a pro-forma from the seller and it looks like an 8.6% cap rate. 

Hey Nabeel,I started out looking at turnkey providers in Indy as well but, I soon discovered that there's not much meat left on the bone when you buy certain turnkey properties in terms of equity gained either from finding a good deal or forced appreciation along with overly optimistic pro formas and lack of communication with the few that I contacted (not true about all TK providers, only the ones that I've dealt with).