I think that the red flag for me is when a syndicator who has no/few exits starts living it up. 

I actually grew up pretty close to Hartford and all my family still lives there but I am house hacking north of Boston and will likely stay here permanently.

One reason is to invest in the land my ancestors came from and contribute to conserving the culture.

@Michael LiguoriIf you are looking to invest locally I would join local real estate investor associations and go to meet-ups to network with other investors.

He is probably drawing up a Quit Claim Deed, which is usually a 1-page document.  95% of what is in a Quit Claim is copy / paste so it shouldn't take that long. 

I ended up buying a duplex in North Andover, only 30 min drive from the city.

Be sure to read up in the Learn section above its loaded with great information even for experienced investors.

That’s the whole reason I created this post.

While you’re at it don't forget to set up keyword alerts for topics that interest you: http://www.biggerpockets.com/alerts If you haven't already, also check out The Beginners Guide (http://www.biggerpockets.com/real-estate-investing) and BP Podcasts (http://www.biggerpockets.com/renewsblog/category/podcast/) are packed full of great info. 

Also the rents are below market with Unit 1 coming up end of Sep. so could go from 850 to 1100.