Just make sure to do thorough research and fully update yourself on the changes in the local market to ensure strong rental demand and solid market data.Diversifying your investments by owning multiple properties spreads the risk and helps maintain cash flow.

Not sure if this is the case in your market but once we get into the fall time frame in my market the demand drops off significantly.

You are also selling your own investment ("should support stable tenant demand"), but what is that based on? 

Will you need to upgrade the units to keep up with market demand and market rent? 

Demand. 

STR offers higher income potential, flexibility, and tax deductions but is subject to seasonal demand.

Use rental calcs to learn what is in demand and gets a premium. 

But one thing you can do so they dont high jack your EM  remember both buyer and seller have to sign to release it if does not close.Is see if you can put up NO EM but put 50k as downpaymnet for the property show it as part of the purchase price then you can demand it back on just your sig

A recent study showed that 80 people are moving to this city every single week, which will continue to increase housing demand. what area of columbus do you recommend?

Given the high demand for industrial space, especially near major interstates, this could be a smart move.