Hi all, I'm a new investor looking for a deal to go in on with an existing business partner (bar business) of 10+years, my first and his second deal.I will be doing my own research on this but perhaps the forum could help get the ball rolling.

In the Biggerpockets tool bar go to Tools then Fileplace.

I decided to get into the fintech scene in LA after that and now I'm with a real-estate start-up using AI to find low-income neighborhoods all of the US that are primed for future gentrification.

If you are feeling frisky and/or want to get a sense of how serious they are, you could tell them that your attorney only engages with other members of the bar and clients, but you will kindly pass on their attorney's info to your lawyer.

Generally if there is/are state return(s) that need to be filed because the bar is higher than the federal bar (like CA), I suggest filing the federal as the client is paying for it anyway to prepare the state return(s).Not sure I'd suggest filing the federal if it had no items of income and expense and no required state returns.  

@Kevin Sobilo I've considered it, but ultimately the bar for entry is far lower in that part of the country than in the North East and cash flow %'s are far higher.

I'd echo what @Nicky Lisewski said, do what you can to get plugged into the local scene.

Got to Vegas for a great weekend, put money in a lot of low risk investments, and buy a place on the beach, with a nearby Tiki bar.

In regards to Wilmington, my girlfriend lives in Delaware and we've noticed the new construction along the River Front and some new restaurants/bars popping up in Trolley Square.

But it would fall miles short of my own bar as a potential tenant, who wouldn't even know at that point if I even want the place.Now, if once I see a property and am interested in renting it, I would have no issue providing a full application including my social security number.