This will give you some clarity on your specific market and help you network with local players.  

We realistically want to keep this group small (4-5 people total) to keep each of us engaged.

The attorney will need to be able to not only complete the proper documentation and filing but also need to be able to provide guidance and references to other third party key players involved in the process. 

My wife and I are about to buy our first home in Historic College Park and very eager to engage with that community.To my very untrained and inexperienced eye, I feel like East Point and Hapeville could be great markets to hunt for rental properties as they seem to both be growing and reinventing themselves.

(Big tax bill last year & engagment ring purchase.

You'll start to see who the big players in that market is.

You'll find a whole ton of really helpful and practical tips by engaging in the forums.

Are so much things that would not be as good when the owners themselves wouldn't manage it.An other point if your buildings are so time consuming that you are busy with it all the time, then I agree, you should hire a pm........ my main busy time is the first month after purchasing the buildings, to get it running, but once you've set it up right, it should be very easy and non time consuming to wrap it up... it seems to me like I mentioned,  that people read a lot and then get caught up in their dream bubble,  and they put themselves on the same line with Grant Cardone or other huge re players, and they think they don't have time to manage....... work hard so you'll earn money to buy more dealsand even when you'll have 1,000 units and will be very busy, it is still cheaper and better  (for the ones that can handle it) to pay your own worker to manage it, rather than just giving it over to a different third party company. .Regarding your point about my friend paying the whole management fee, I am an honest  person, and that's why I succeeded till now,  and I don't know, maybe I'm missing something,  but the way I look at it is as follows, if we would pay 10% for a pm company, let's say it's $10,000 a year, I would pay $5,000 and my partner $5,000, so now if I manage the property I see no reason why my partner should pay my half....

BP Community,Firstly, thank you all for continuing to engage on BP, and provide an educational platform for those of us just getting our feet on the ground in the realm of RE.

It requires we stay engaged on some level, the less time required of be the better!