This is where everyone started.Residential investing is very forgiving by nature, you have to try hard to really screw it up.

CT isn't cheap so if you plan on doing it there you are going to surprised at how poorly you do. maybe in the suburbs I'm not sure but as much as I know people call us from CT and everyone is rich and has lots of money and things are expensive out there. build to rent is a great model. we build 3 story walk up infill and keep it to the residential side. 3 units is the most units before it's commercial and you need engineering, etc. check comparable and things liek that. we came up with this design a year ago and we sold 10 if you want to talk further please DM me happy to connect. there are some great build to rent conferences. we went vertical not horizontal with it to save on build costs and design to fit on any infill lot. this fits on a 3500 square foot lot. most lots in our area are 30x120 or 30x150. in miami where I live now they are 50x100 or so. but any infill lot we can pretty much get this one on. there are some great build to rent conferences coming up too that if you like this topic I'd recommend attending I'm sure you'd learn a lot. 

I see many situations where one generation wants to buy out a prior generation or, more typically, siblings.

I am in a large syndication group too where GPs are not even allowed.

Another great option is the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat), where you buy a fixer-upper, renovate it, rent it out, and refinance to pull your cash back for the next deal, and this is a good route because most private lenders can go higher LTV than on a rental loan! 

I’ve found better results using my acquisition framework in the 10-50 unit space where there is one, maybe two owners.  

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Quote from @Eric Gerakos: My wife and I buy many “fractional” notes where we live in California.

I've received apps in the past where this was the exact situation only for the borrower to not qualify and be stuck. 

Is there a demand clause where they can call the loans for no reason?