Buying a Condominium Building on the Beach

[Ray Rhoads]

I found a 396-unit condominium building ON the beach in South Florida that needs a TON of work. However, once rehabbed or redeveloped, it’s in a massively up and coming area(not the up and coming area that’s gross, the kind that’s there), and will be a tremendously profitable investment. 

First how do you go about buying a CONDO complex? I understand apartments pretty well, but the condo owners own there home so I was curious how that works.