Anyone have knowledge of these type developments?

My wife and I are looking for tax and legal professionals in the Northern Virginia area who are knowledgeable with rental properties and small businesses (LLC).  

So just be ready for that hurdle and link up with someone knowledgeable that can help you through that process.

As a buyer for many years - I have and many investors have had this problem - finding cash buyers, as you know when you do assignments it is difficult to depend on the so called "cash buyer", they talk a good story, but usually can't perform.About 18 years ago I discovered a great way to assign, flip or recycle real estate for all cash, in as is condition with settlement within 6-7 weeks from the day I sign the contract.

That's a good start while you have W-2 income, and it will start you developing a knowledge base for managing a property and also start creating a track record of your performance.

Andrew, there are several very knowledgeable accountants here on BiggerPocekts who are experienced with REI.

Quick edit to ad I have checked the bigger pockets directory for HML, but I’m still looking for recommendations for local lenders willing to work with a new but knowledgeable investor.

I think if you have "boots on the ground" in place in NY and/or don't mind making the trip then you should take advantage of your knowledge of the local market.I am not sure where you are getting your list of apartment owners from, but I typically use a cheap postcard on my first mailer to "scrub the list". 

Now how that's divvied up, I don't know - they may want to 'assign' a property per brother and come up with some for of equity/asset trust 'equalization' so we each get a third of all their assets but hold different percentages of any particular asset.

If you're new or haven't done at least 5 deals, you are assigned a mentor to work one on one through the first 5 transactions at a cost of 10% gci to the mentor (which I feel is worth every penny).