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.

I would put operating statements and rent roll as higher up on the list, as well as generating a pro forma NOI for your operations next year.

Those broker pro formas always paint a pretty picture! 

As you say, you just closed the deal, then these are all pro forma numbers.

Some will do 100% of Reno costs with 60-75% of ARV- C it doesn't hurt if you have other sources of income/job/assets-D they will look for pro forma numbers - purchase price, ARV, project Reno costs, possibly detailed and/or certified by GC

We didn't do anything for our home loan, but we are applying to the vehicle programs form a couple months of security.  2 car loans, 3 months no payment and no penalty. 

I did not have it "set up" per se, but I did form a relationship with a lender and had a pretty strong indication that I would be able to refi after rehabbing my cash purchase.I actually found 2 lenders, both small and local.

If there's a great cap-rate on loopnet is probably arrived at through projected pro-formas rather than by using actuals.  

As with the running math differently analogy, many investors with many different views and philosophies on BP, but best IMO to consider them all (even the ones you don't agree with) and pick and choose the best parts of each to form a plan that works best for you.

@Tariq Bahay What you are referring to are broker's pro forma i.e. garbage numbers or made up stats.