It is definetely a good area for both though due to the lack of availability.

The fact you think this is just another "buzzword" shows me you have a real lack of experience in operations.

Lack of people I know - I know more people in LA than Philly, basically more people to help me if something comes up.

It's important to remember that each unit is its own property, even if they share the same address.In my experience, starting with more than a duplex right off the bat sets you up for a lack of success (not failure).

During the downturn, many manufacturers will go out of business, and the lack of supply will put prices up further.  

But since the city keeps choosing to not add activities, there will be a lack of younger people moving into the city from places where they value Solar.

You will need to supply 2-3 quotes from different General Contractor's or licensed builder for all work.Some things that can occur are builder/vendor issues with lack of inventory, broken material, employee "no shows", date of completed work extensions, bad work, additional costs not factored on blue prints or cost analysis, delayed permits.Keep in mind any delays or issues will slow down your clear to close/funding date.

Concern here is definitely the lack of long term rental options should any ordinance come down against STR. 

I am assuming there is a nondisclosure agreement on active students, which would explain the lack of replies.

Most of the time prices start higher, then are pushed down for urgency and lack of movement.Whether or not your offer is appropriate is relative.