The fee to form a Nevada LLC is only $75 plus state business License of $200.The renewal fees are $150-(annual list of officers) and a state business license renewal$200.

A coworker that I went to school with and I are going to form a company and buy a couple rental properties.

If trying to determine a rough pro forma, what occupancy assumptions should be made?

did you form a GP or did you buy into an already existing investment group as one the investors?

Welcome to BP  just came back form a buying trip to Ohio and always looking for more connections there lets connedt

However it is not for MA.

I have been harping on people to use DSCR as a metric when analyzing properties ever since I joined BP.When you talk to a banker and show him how your property perform based on a DSCR pro forma, you instantly gain credit as a knowledgable investor.

I don't like thin deals because any blip in the markets could ruin the pro-forma projections.  

A partner of mine and I are looking form a core team in the market.

With any turn key company, you want to avoid those that:Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)Don't allow for your own independent property inspectionAre not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)Require you to pay for any renovation upfrontSell only in cheap. low end neighborhoodsDon't accurately represent the neighborhood/property classificationDon't have consistent rehab standards for all properties