I have had the majority of the recommendations point me to AREA in Waltham as @Shaun Reilly suggested above.

In a major market like DFW or LA, the MLS is a wasteland for investors.

Since the HML is the primary capital, you should sort these concepts out with the HML first so you understand what you can and can not do with the lender who provides you the majority of the funds.It goes without mention, hopeful you are also reviewing the economic impact to your bottom line of borrowing additional funds, paying interest or return on them.

I second NaveenWe just finished our first international syndication by building units in a new resort development on Ambergris Caye in Belize.A good rule of thumb to look for is jurisdictions that use British Common Law as their basis of law.You have 3 major systems of law around the world:1.

You have to observe corporate formalities with minutes etc on all major transactions you do.

Your plan seems pretty good, but it involves risk with out of area rehabbing, and major dependence on your partner to make it work.

I am working with a big law firm to have a few borrows submit loan applications to major banks and see if the underwrites will take the bait and approve the borrows that cannot afford a home.

Anything major I should be concerned with?

In the majority of our loans, when you factor 75% of as-is value for purchase PLUS 75% of the rehab costs, tge amount of money you are effectively able to get is 80-90% of the total of what you will need.  

Every major lender was there as well as their attorneys and other attorneys as well.