There were some immediate capex upgrades and there are also annual capex upgrades budgeted for, this will also correlate to updating individual unit rents to near market values.  

💰Role of an InvestorThe limited partner, or investor, is the individual (or group of individuals) that provides the equity to fund the deal.

These firms don't usually post the individual's contact info from what I've seen...

It's exponentially easier to manage a 30 unit property than 30 individual properties. 

If one goes bankrupt, it may take all the others with it.You may not need an LLC for each individual property, but each LLC you do have should have its own bank account and books, and should behave as its own completely separate entity.

Not properties (individually). 

If all units are under one ownership it’s usually referred to as apartments, not condos. condos are usually individually owned. that said, what questions do you have?

Originally posted by @Theresa Harris:I'd only get involved with flipping if you can handle the risk and you have a team who is able to get it done in a timely fashion.Absolutely, I would definitely only get involved when a core four group of individuals have been vetted and put in place.

If a certain number of individuals living in a house are unrelated, it is considered a boarding house and has more regulatory requirements.

You can ask for references on smaller outfits or Mom and Pops type individuals.