Converting multi family to MTR and STR rentals

[Murray Clark]

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!