From the brief amount of research I have done I think the first action I would take would be in the direction of Househacking. 

Have recently started a renovation company with a friend, both of us successful business owners and talented in the trades.

Here's the BIG difference that I see between new investors and seasoned one's:  action. 

Quote from @Jerry Zhang: Hi,I spoke with a multifamily seller recently, and he told me that he was involved in a class action lawsuit with Pace Morby with the nature of it seemingly around the Sub-to deals he structures.

Confidence comes with knowledge and action.

Hey Scott,Welcome to BiggerPockets, and congrats on taking action toward building your real estate portfolio!

My other background for 15 years now is in the trading world.

Does anyone have thoughts on what the best course of action might be from an investors' standpoint. 

It was a true trade-off as the Logan area is more limited in STRs and new builds so ADRs are higher and likely to stay there compared to RRG where the market is headed towards being flooded and there's the potential of ADRs going down like in Gatlinburg/Pigeon Forge area. 

Congrats on taking action and networking within the community!