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.

Find some investor that would like to buy into the properties after you give them pro forma and actual accounting.

You'll get garbage pro-formas but once you dig in you'll see they are pipe dreams.

Be honest with yourself too.There are markets that a pro forma will NEVER work.  

Create a pro forma using excel or borrow someone else's cashflow analysis. 

Or when businesses post their commercial units and base price off pro forma or other strategies for renting (I am having experience with this currently if you can't tell, haha)

This is the only reason I will not form an LLC - the loans are in my personal name and I am a single-entity LLC, so I would be violating my mortgage contracts to form a single-entity LLC that holds up more poorly to lawsuits.