I have created numerous pro forma workbooks including a tool that to specifically analyze MF properties.In addition to running numbers on how a property financially performs at the point of acquisition, it is important to include forward looking data to understand how the project will perform into the future.

I used to do it for clients, and while in QB, you can do it without using numbers for account codes, doing it alphabetically, most CPA's still used a numerical system, such as account 1000 for cash account 3000 for AR.

What's crazy is that there a numerous "second homes" in this project where the owners obviously have offsite mailing addresses (Monterey, CA). 

As an investor I have won numerous purchases using the old double ending trick.

@Kevin Panella I would also love to connect as I am local to the Indy area with numerous connections. 

There are numerous!  

He then proceeded to tell me that he had a right to stay in he has house because of the foreclosure and he also claimed he and his girlfriend were getting sick from black mold he supposedly told my mother about numerous times. 

For numerous reasons we decided to pursue both the buyer and the seller.

I tell them actual numeric credit scores aren't really as important (although I like to see them be higher :wink: ).Also important is job stability and earnings; annual income divided by 36 is approximately the max rent per month they can "comfortably" afford (basically, monthly rent should consume less than 1/3 of monthly income).

We are in the process of finalizing our business plan to present to lenders and other investors.Although my partner and I have not done any rehab work as of yet, we have numerous years experience in the new construction field for one of the leading HVAC/Plumbing in our area.