Cashflow gets deposited into the joint account and then paid out to the individual owners based on their share.

My thought is then using an investment property and renting out the rooms to individuals (probably college students).

Hi everybody- One of my goals this year is to build/join a team of high character individuals in the business (agents and brokers, local lenders, attorney, CPA, contractors, property management, and so on...)  

Keep in mind your individual goals determine what a good and bad deal are. 

I am looking to make some connections and/or get some feedback from individuals that have STR's along the coast. 1.

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.