They are even featured in articles, have been profiled and interviewed in the local media outlets, look really good online etc. and have a reputation around town as being highly successful because they have been busy buying a lot of units and making themselves look successful even while doing what I would consider very bad deals.It's smoke and mirrors. 

For instance, unless specifically called for in the Articles or Organization, LLCs are not required to have Boards of Directors, Officers, annual meetings, bylaws, resolutions etc.

The articles you read were posted by one particular investor who was trying to manipulate the other investors. 

Here's an article with additional FAQs on cost segregation studies that you may find helpful.

While you may not be considering moving to a market and house-hacking, I think this BiggerPockets article still offers great data for out-of-state buy-and-hold investors.Key takeaways: Fayetteville, AR and Indianapolis, IN may be good places for you to start if you're new.

This team consists of an Investor Focused Agent, Lender, Contractor, and PM.Read this article on the "core 4".

Why don't you do a LOT more research here on BP, via articles, books and podcasts, then apply what you've learned and then ask clarifying questions on the forums?

He's also written a few great articles on it. 

Through PHA sources, the article indicates the renovation will cost $112M, twice the initial budget.

I would start off listening to some of the bigger pockets videos on Youtube and then reading some of their articles and books.