For path #2, you mean purchase & renovate a 3-5 unit building right?

Here‘s both, from the BBB: https://www.bbb.org/us/id/coeur-d-alene/profile/wealth-building-seminars/lee-arnold-system-of-real-estate-investing-1296-1000121183/complaints

But I purchased land in cash and leveraged it to build a new construction stick built home.

Building strong relationships with lenders is critical and the easiest way to do that is to be easy to work with. 

Here is a video that runs down the basics - https://s-media.nyc.gov/agencies/specialenforcement/01-Legal...There is also a prohibited building list - https://www.nyc.gov/site/specialenforcement/registration-law...Here are some more info overall - https://www.nyc.gov/site/specialenforcement/registration-law..All of this makes STRs in the city pretty tough but it certainly not impossible.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

I am passionate about helping investors build life-changing wealth through scalable portfolios.Background:Currently pursuing a Doctorate in Business Administration, I is fluent in Spanish and have spent a decade in nonprofit work and overseas missions.

It's a relationship game more than anything, so if you're building strong relationships with them and providing a consistent product, you'll be golden.

It takes time to build relationships with local wholesalers & tired LLs, where ever you are looking to buy.   

I definitely plan on building a team in the market we select.