The plan is to form a "parent" LLC*, then "subsidiary" LLCs in each state where I own properties.

If your not getting them at a discount then why by all 5 from the bank.So I did a quick pro forma on purchasing all 5 units @ 30k each, rent of 600 each and used your taxes and insurance numbers, and this is what I get.There is $0 in rehab cost figured, but I'd buy this deal assuming the numbers are accurate.As you can see the Debt Service Ratio is 1.7, I look for a min of 1.20 Monthly net is $512 Again i am not familiar with Condo rules and BS but this would be a buy for me assuming location and desirability is there.

I hired a licensed real estate attorney to form a SERIES LLC.

Hello,Has anyone heard of a clause in a HOA covenant (CC&R) where the commercial tenants in a mixed use building can opt out of the residential HOA and form their own HOA?  The community dues are astronomical and ...

What you pay for the property should be based on actual cap rate, and not pro-forma cap rate.

I would have actually flown out and walked the building rather than putting the deal together form a distance.

Needs to be able to calculate ramp up of rent rolls, pro forma (12, 24, 36, 48 months forward, standard operating cost per sq ft, etc.

Meaning, did you form a single LLC for all your properties you fully owned by yourself or just put them in your own name?

So, pro forma whatever...

Here's what I mean- by self managing and not factoring that into your pro-forma, you're achieving 1700/yr in cash flow, or "profit" as I would consider it here.