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.

@Ravi Kalidindi Ravi I am not a licensed authority on syndication law.

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.

I second his statement to do as much networking and speaking to individuals as much as possible.

Ask everyone that is an individual landlord if they would also be willing to sell with owner financing.

Speaking with other individuals they noted that something more in the range of 6-8% with a 50/50 profit split would be more reasonable.

If you're like me, then when you started listening to the Bigger Pockets Podcasts, you also started reading books and authors that are recommendations from the hosts and guests - and have found many favorite books, with many classic and inspirational quotes.  

For three or more unrelated by blood or marriage, I require each individual to make 2x the monthly rent.