Converting multi family to MTR and STR rentals
Hi Bigger Pockets Community,
We run a co-living and working company called Neighbourgood and are looking to acquire multi family assets, guesthouses and hotels in Miami and other lifestyle cities that offer value.
I am trying to get a better feel for the market in regard to;
1. Building code/permits that relate to multi family investment and whether or not we are able to convert multi family acquisitions to STR's in our format (1 week to 3 months on average) and;
2. The sort of middle of the road yields the market is currently demanding for multi family investments in lifestyle cities/towns (I know it’s a general question but I’m just trying to get a better indication of the market right now).
Thanks for your help!