What it will ultimately come down to is understanding your risk tolerance, determining your goals ( ROI, minimum cashflow etc) and building a strong reliable team. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Andover.

Purchase price: $290,000

Cash invested: $75,000

This is me and my wife's very first deal !

What made you...

We pretty much agree with @Yoann DoratWhy would a swamped contractor want to team up with you?

My big question is how is this created and where would you start to build a syndicate team?

Glad this ended with the boyfriend offering to pay for the damages, and a teaching opportunity for your team.

While doing research, It speaks about building a team and how one of the best ways to build a team is through referrals, but how do you get referrals, when you don't know anyone.

Our team is ready to start submitting LOI's for multifamily properties, and I've had brokers offer to write this up for us. 

If you're looking for a bank to handle your team's LLC, then any is fine, although you may want to establish a banking relationship with a lending institution that services the type of deal you may want to handle on your own with your holding/operational LLC  - i.e. buy and hold SFR/MF, fix and flip, or ground up construction.

Once you have this team in place, you should be able to confidently invest in any market.As for picking a specific market - I would go after one with an increasing job and population growth.

So when your starting out in realestate or have 50 units what is a team, what does it look like, an what kind of different people should be on it, (people with what roles should be on it)