CPA & Attorney OOS Investing

[Cody Maheu]

Hello BP! 

I am an OOS investor partnered with 2 other investors that invest in Maine but we currently reside in California. We bought our first property in October and are about to close on our second property at the end of this month. Now that we have spent most of our capital it is time to consolidate the more boring stuff. 

How should we go about dealing with taxes? Should we get a CPA here in California or talk to someone in Maine? Our properties are under all 3 of our names currently. We do not have an LLC but we do plan on moving them into an LLC in the future.

How should we go about dealing with an attorney? Should we get an attorney here in California or again talk to someone in Maine? We want to make sure our partnership is concrete and leave no rock unturned.

I know this has been posted a few times but in older posts it seems somewhat subjective. Any advice would greatly be appreciated! Thank you