Definitely consult a real estate attorney in your state to see what your legal options and duties are.

If you're unsure about any step, consult with a CPA.

I am not an accountant, so consult with a qualified tax person. 

We still have to network and create a reliable team, so this would serve us as time to meet contractors/agents/other investors/etc...We are planning to start investing ~$200k depending on the deal.I'm writing this post to get some advice from somebody who might be more experienced in New York, and possibly to start creating some connections.

If I ever get a bad review on our business profile, I need to consult with you to know how to answer. :-)

Once you can answer these questions I highly recommend reaching out to an accountant willing to consult you to address these items and dive deeper into your tax situation. 

A reliable team, including an investor-friendly agent, property manager, inspectors, and a lender, is essential.

Always consult with your attorney before you rely on the above information.

This is important because GOOD hosts know that good and reliable cleaners and handyman can be hard to find, so they treat their cleaners and handyman lke GOLD, which includes referring business to them, paying them quickly and promptly, respecting their time, and taking care of them on the holidays.   

The purchase prices are cheaper, the supply/demand ratios are much more favorable, the cash flow is higher and more reliable and you can take advantage of the massive growth Atlanta is expected to see in the coming years and decades.