There are more factors than just the community (#beds, level of theming, location to the amenities, style of home (single family, townhome, condo) and others) But I would strongly advise to stay within some of the same communities you mentioned like Storey Lake, Windsor Hills, Championsgate and a few others if cash flow is your goal.

@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.

If you can shorten the window on the cash out refinance to the next purchase/refinance the rate is not really a factor.

What you paid for it and invested in its upkeep are not factors for pricing/selling a property. 

Flipping a brand new home likely wouldn’t bring much profit - especially after having to close twice when you first buy it, and later sell it.Maybe you have millions to spend and I’m just missing the big picture… but when I think of “income” I’m usually thinking “net income” after you factor in expenses, like purchase price or building costs?  

If you're considering house hacking a multi family property, some lenders might be able to factor in potential rental income to help you qualify.

Look at factors like proximity to jobs, schools, transportation hubs, etc.

Speed of building a portfolio (Cash-on-Cash return is a factor here)?

And this low demand could be a couple of factors, either a rural location with low population density or the area incomes are not high enough in order to prevent a rent burdened scenario. 

That should really be the deciding factor...is it necessary and a large enough project to include the permit process?