As far as navigating STR laws/HOAs, I think its best to have a PM with experience operating STR's specifically in KC to prevent as many headaches as possible and answer any questions you may have before-hand.

If you go this route, having the rental criteria that you are willing to accept is common to let the potential tenant know.

The "market" you should be using is based on specifically where you are investing. 

As, I've mentioned to a few other posters in the past, when your searching in NYC, I would recommend getting super specific in your geographic parameters. 

It's essential to evaluate each deal individually, considering factors like your specific market, property condition, and your own risk tolerance.Here's a quick summary of what you might do:70% Rule: Use this as your initial benchmark to assess deals, especially if you're looking at traditional financing with 70% LTV as a goal. 75% Rule: When you have access to lenders offering DSCR loans at 75% LTV, adjust your analysis to match this new lending option.

@Martin Bys pretty basic goals, you'll need more specifics to achieve them!

More specifically, how many years of tax returns is needed to be shown to qualify for a cash-put refinance?

Attending local real estate meetups can be a great place to find other investors as well and get more market specific advice!

The only benefit in this instance, as an investment partner in a JV, or member in a multi-member LLC, is it's an act of "good faith" on my part in the agreement, being extremely transparent about the project's costs for the construction company, and the specific amount the partner/member invoices as profit or salary attributed to construction services on the specific project (I differentiate profit from salary, as it depends on the size of your construction company, a smaller company the profit may be the salary etc). 

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.