You should check out CFRI, the local chapter of the National REIA.

I'll usually go there first to get a baseline and then further refine that with local listings, etc.. 

Prior to speaking with an attorney you need to learn how the syndication model works.Underwriting, LP/GP structure, fees, etc.A great book is Best Ever Apartment Syndication - textbook for this business.Happy to provide more insight on the process, if you want to send me a DM.

We went around and spoke with about 5 local builders and visited their sites, did walk throughs, etc...

To your question Why in the area, with no experience in it I thought starting local would make sense.

Annual increases in keeping with HUD's fair market rents build in a stable increase in revenue.Regular inspections from the local agency provides us with an excuse to get into the units to check for maintenance issues that often go unreported and cause more damage.We love the model.

You might want to just start with hiring a good local PM and have them take over management from here.

Outside of that, you can easily be duped by Google or local property managers.

HI my name is Filipe Lema , I am living in Westbrook, Maine. i am a new investor and looking to be connected with local investor.

Someone with a great deal of tax experience has answered your question, I'd suggest you arrange a "paid" phone engagement if you don't have anybody locally.