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

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

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.

However it is not for MA.

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

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

@Jeremiah House you could form a fund with your friends but it wouldn’t be a reit as that would require you to have at least 100 investors.

From a pure income tax point of view, it does not matter whether you register your home state LLC to do business in the other state, or form a completely new LLC in the other state.  

@Heather Skow it’s less a matter whether you should form a LLC, but understanding whether you can operate the LLC without having your veil easily pierced.

Should i form a LLC as a Real Estate Agent ?