a friend of mine and i are meeting in a few hours to start planning for our first property purchase. we both live in manhattan and are looking to purchase a 4-6 unit residential building in the nyc metro area (most likely an outer borough or nj) to begin buying and holding properties. we are looking for properties that will require work / reparis upfront. what are some important first steps that you would discuss with a partner upon starting up (i.e. financing, partnership structures, deal sourcing, property management, business incorporation, etc etc etc.). my background is in finance, and his is in architecture, and we're friends from college.

I live in Queens NY and commuting to Manhattan won't be an issue.

Has anyone had any recent experience flipping an apartment in Manhattan?  

Does anybody know of a tax person near Manhattan, KS that is real estate savvy?

Hello,I currently rent in Manhattan ($1600/month ) and I am considering buying a condo in the Bronx instead and paying a mortgage that will be closer to the rent I am currently paying.

I have an Agent who has farmed that area around Manhattan and Interbay for 20 years.

Did you see the 2/1, wood frame house that they just gutted to rehab on Manhattan near Bay to Bay?

i work in the finance industry in midtown Manhattan. 

I live in Manhattan and haven't bought my first property yet, so take my input with a grain of salt.

Long term Nashville could possibly end up as Manhattan, but I think Atlanta is more likely.