The house is located in a relatively nice neighborhood near universities and plaza.

What you can require legally changes depending on your location. - If you make the above clear in the listing, you will immediately get fewer applicants.

If the land is in a suitable location, this could open up opportunities for developing 2 homes or even selling off one of the lots, which could lead to a good profit.

Answer in the MLS, “Yes.”Computers cannot accurately determine whether a property is located in a desirable or undesirable area for a particular tenant pool segment using photos or aerial maps.

You didn't tell us where you are located so it is hard to tell if you should try and find another place or not.If the folks are just willing to rent, then finding them a nice rental seems to be in order.

Norfolk is where the majority of multifamily inventory is located, Virginia beach is zoned much more single family. 

If you look in another location I would stick to the 2 you are already investing in and expand your footprint.

We're in the larger multifamily space, but regardless location is pretty universal.  

I have a rental property in Detroit that I am looking to get certified, and have tried following the process on the Detroit Housing Commission website (https://www.dhcmi.org/landlord-faqs), which says " To list your property with the Detroit Housing Commission (DHC), you can visit DHC’s Assisted Housing Division office located at 2211 Orleans, Detroit, Michigan 48207.

@Ana Vhan there are many commercial options where you can add multiple locations/multiple states onto a single policy.