His business is fantastic because he provides an inspection report, rentometer, pro forma figures, comparables, and more.

If it were me, I would form a partnership that pays out profits 3 ways.

I think I might need to make visits to these places a line up properties to see and form a team to help assist me.

So have some questions, Whats the difference between pro forma cap rate and purchase cap rate?

I am looking for turn key properties, and also trying to form a team around myself. 

Did you do a pro forma?   

What about a situation where one partner comes with all the cash and one partner comes with knowledge side of the deal and they form a partnership.

We would not have the time to properly manage our STRs.Not including these costs in your pro forma depicts a misleading result.  

I think if we form a group of OOS investors and all use the same team we will find success.

I personally think that you need to have a Metric that can compare to ANY kind of investing.... not JUST something that compares one REI to another REI.I'm not sure how other Investors will view this, but I thought that I would put it out here and hopefully help those who are struggling to get a really good understanding of what some of us call FUTURE Value and PRO-FORMA calculations.While these calculations are not the exact ones that are being used, I think this is a good introduction and can help give the Reader of this Post some understanding of how looking at the Future using projected calculations can help determine what is a good Investment, FOR YOU.