It's definitely one of those issues that is very specific, and would need to be worked out with Planning.

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.

Specifically I am trying to figure out the best vehicle through which to conduct our REI.

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.

Of course your specific return requirements will vary, so figure out what the numbers are for your market, analyze them to determine margins and decide if that is an appropriate return for the risk you are taking.

When I call the most seasoned person Allan Howell he gives me great info but doesnt know the specifics. yet you call others and they know it like the back of their hand.I have learned a lot from this process and am grateful for so many members commenting on my posts and helping me learn more about being an investor.

@Kevin Waymire I have bought and sold 5,300 units.What specifically are you wanting to know?

With the massive increase in STR properties in the US, I am hopeful that lenders and appraisers will evolve to apply income/exp metrics to STR deals specifically, on top of generic property comps.

So obviously many of the LPs appear to make these investments not really knowing much detail..

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