I think that REITS are an excellent institutional investment vehicle.

HB 36/SB 100 Real Property - Actions to Repossess - Proof of Rental LicensureHB 102/ SB 279-Real Property - Actions for Possession - Pet ProtectionsHB 151-Real Property - Residential Leases - Notification of Rent IncreasesSB 848/HB 826-Statewide Rental Assistance Voucher Program – EstablishmentHB 830/ SB 477-Residential Construction - Electric Vehicle ChargingHB 976-Workgroup on Mold Standards and RemediationSB 746/HB23 - Mobile and Manufactured Homes - Relocation Plans and Sales of Communities (Manufactured Housing Modernization Act of 2023)Count your blessings that these bills did not pass!

Majority of my clients are real estate investors, I help them establish the vehicle (IRA or 401k) which enables them to invest into alternative options (rentals, trust deeds, syndications, private placements, private lending, etc.) but I'm not involved in the investments at all, and did not really have a desire to go back and sell "traditional" investment options so there was absolutely no use for my securities licenses (I held 6, 63 and 26) and while like you I worked hard to get them, I decided to let them go and I don't regret it. 

Commercial I see Automated Logic, Invensys, and Precision.

@Jim DahleGeneral partner's/managing members and the accountants who prepare the fund make the determination of how income is categorized and then passed on to it's partners/members.These partnership vehicles want to correctly classify the income.Failure to do so can result in interest, penalties from the IRS/State's.The partner's will look down on the partnership if such issues arises.If you are an LP in a fund, you simple get a K-1 and have to deal with what is provided to you on your K-1.

CRA’s Bad News for Canadians Investing in US Real Estate Two popular vehicles for investments in US real estate are limited liability limited partnerships (LLLPs) and limited liability partnerships (LLPs).

In Florida, you have no liability with a living tree or it's branches falling on your tenant's or the neighbor's vehicles or house. 

Quote from @Petya Toncheva: I prefer clear and precise communication.

Multi family will be the vehicle we use to make this happen.

Lower East side is great, Brewers Hill is already on the edge of rough parts of town, so you definitly want to be able to pull your vehicles into a garage over night etc.