I - nor my clients - will rent to anyone without having of proof of engagement prior to moving in.Hope this helps.

Upon further review, there is 1 active Type 2 STR permit on this blockface prior to your STR application submittal, but a system glitch did not capture it on the OneStopMap.

The city also benefits from a relatively low cost of living compared to other major cities, attracting both renters and investors.

You'll have a slight disadvantage compared to the local population, but nothing that should crush you.

For example, avoid wasting time comparing new construction with sun-soaked windows to basement units with stained drop ceilings.

If there’s specific projects like electrical we get a project specific estimate after we put it under contract prior to the earnest money going hard.

If you determine that the numbers look good, make sure to check other sites to see if the comparable property is on multiple sites that may add to the numbers.  

Quote from @Sri Reddy: We are a team who are venturing in to constructing a multifamily unit from groundup.We don't have any prior experience in construction and are looking for financing loan options.

Also, not very easy to use typical methods of valuation like comparable sales - there is no public tax assessor's website that you can just freely grab this from. 

As our team has grown, it's become easier to cover responsibilities if someone quits, goes on vacation, or if we terminate employment, compared to when we had one or two homes.