Weeks later, it was communicated to us that the underwriter wouldn’t accept the ones signed by only one of us – legally binding for LLCs – and required we send amended copies of leases signed by both of us.

It's hard to give any recommendations without any specific questions/real numbers.

I know some might disagree.The challenge is if someone applies and meets all your criteria and you reject them, I would hate for you to end up in some legal hot water.

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

They could make legal arguments about hardship and/or off-sets for non-compliance by landlord, but this would require posting rent or coming even with rent.

very high risk even I only do them with very specific investors in mind and a plan. we dont flip land we develop every one. 

There are a lot of market-specific issues you'll have to grapple with and also, there are plenty of landmines in MFR on its own in CT that you'll have to be ready for, in addition to the nuances and complexities of developing something like this.

You can use a tool like AirDNA to get estimates of property performance in your specific market and with your typical size and configuration of home.

If you need help with landlord laws, house backing strategies, or traditional MTR investing specific to New Jersey happy to help.

Make sure to get legal advice on what you can and can’t do for bill back and what kind of notice period is required in your state.