For your syndication, I would suggest you do a join venture or form a LLC with your two investors.

@Jerry Kim, it's common to see a 15% IRR on pro formas, but that doesn't mean that you'll actually realize a 15% IRR.

I just happened to log in to Stessa for some reason the other day and noticed previously free features (e.g. pro forma) are behind a paywall now.

They want that money working day 1.Many of my investors making millions per year or higher at their job or business are more concerned about safety of the investment and the hassle factor ( variables in a syndicators pro-forma that could go wrong and the returns could not materialize like they hoped ).Someone mentioned office. 

The very high income investor typically 700k a year and up income with job or business who is busy but gets googly eyes looking at some pro-forma high return and have no clue what they are looking at.

Both offer a free pro forma development in excel that be edited/customized.

Interesting thread, mastermind group is a new term to me but let me know if you guys form a group and what you’re looking to do.We’re active in the 30+ unit multifamily space.

I have to get bids for investors here in San Antonio, TX on a regular basis so it would be extremely helpful to have this form as well. 

I recommend finding one specializing in the area and type of property(ies) that you're interested in and form a relationship with him/her. 

@Justin Sheppard one of the big issues with the 1% rule or the 2% rule is that you have to know what pro forma rents could be if you are looking at existing inventory.