Lawyer’s wet dream. 

If you need the lawyer's name let me know.So now I'm sitting on owning an empty lot and still making loan payments.

I have invested $0 dollars into real estate investments but am on the cusp of investing $50k into my first multifamily syndicate (we're closing within a couple of weeks).I'm looking for a CPA to answer a few of my questions and a lawyer to look over the documents I need to sign for the deal.One of my main questions is, I've been told I'll receive a K1 statement and that my monthly returns will be tax free. 1) Is it true they will be tax free? 

My wife is a first generation Mexican immigrant and she loves real estate.

I fear the lawyers will become wealthy over this litigation...Overall, it's an interesting "solution" to the problem of foreign investment in real estate and the lack of adequate housing for the population. 

We sold it at a substantial loss, but at least recouped some money.Analog:I did get a lawyer, but he finally decided it was too expensive to sue a company that does business in a different state.

If you're investing in real estate out of your home state don't you have, at minimum, a Realtor, Contractor, Property Manager, Lawyer, etc. in the state where you're looking to create a local presence?

So I pay the property manager $200.00 per month and the lawyer $200 per month?

Start collecting contact cards and fill that phone with everything from plumbers and painters to bankers and lawyers. sorry this is so long and drawn out.

Do I need to get a real estate lawyer?