If they say "No" then ask them to support that with documentation to avoid a boiler plate response. 

I am making completely passive cash, while also seeing the value of my portfolio increase with no headaches or management responsibilities that usually come from SFR ownership.

If they fail to comply, you may need to involve legal counsel or contact your state’s real estate commission.Hire a Reliable Manager: Finding a professional, responsive property manager is key.

I’ll keep you posted on his response. 

As fund manager you owe your investors a fiduciary responsibility which I can foresee as a basis for lawsuits should the fund not perform as anticipated.  

It will likely be a web of contractors, engineers, and architects, but some those are ultimately leading to the developer. 

Thanks Jack for your response, I am trying to avoid condo because of the low appreciation issues.

In previous roles, I was responsible for the asset management, capital improvement, repair, and maintenance of an ANG Fighter Base worth over $400M.

@Jason Wray Thanks for your response!

Very responsive and great market knowledge!