Hi All, My name is Amit and I am a beginner in Real Estate investing. I am an IT Engineer and work full-time (W2) in a bank and my wife is a full-time Real Estate agent in NJ. We have done some side investments and we...

*Are not realistic with their pro forma projections.     

Here are some things to watch out for and avoid as you evaluate different companies: 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 propertiesDon't provide a scope of work for the propertyCan't provide references of repeat investors

I sometimes feel like I'm on an island and would love to form a small group of "co-workers" who would enjoy the occasional get together / coffee / brainstorming so we can help each other move to the next level.

For my S-corp, I just used an online place such as form-a-corp or legalzoom to make sure the paperwork was done properly, I advise you to do the same and consult a CPA or attorney.Reading articles like this, make it sound like there isn't much difference to me:http://www.bizfilings.com/toolkit/news/tax-info/ll...

I'd say - don't just take their pro forma at face value, make sure you run your own numbers!

I would encourage you to form a relationship with a landlord attorney in Texas who can assist you with needed forms, agreements, advice, etc.

Do you form a LLC or LLP with them?

Most attorneys can quickly form a single member LLC for under $1,000 including the fees.

@Gabriel Pietryka If I were you I would find a developer that has already completed an office to condo conversion, and form a partnership.