Lot's of lenders will want local (boots on the ground) to feel comfortable doing a loan.  

If you are just partnering on a deal by deal basis then one attorney that both parties feel comfortable with is probably sufficient.

But it warns you of a connection happening to your account, and that simple prompt is often the last barrier before the attacker gain access to your email or business environment. 

Jersey City is hot right now but like I tell my clients the majority of the time I can find them deals that make more sense in Essex County but that depends on the client and what their needs are along with their comfort level. 

So think about what's comfortable for you.

If you are comfortable with your structure that’s great!

But I am open to ideas.I see this environment as quite challenging to find a deal that will cash flow reasonably well in my area due to HCOL and interest rates (even as somebody with some resources). 

You can afford to pay a bit more if rates cool down.We need to also remember that BRRRR become a really hot topic in a low interest environment.

Find out what works for you and your team on smaller deals then scale up once you start to get comfortable with multifamily. 

We were able to refinance with our go to bank at a decent rate in this environment which allowed us to pull out our initial investment and renovation cost.