In California, rent increases are capped state-wide at 5% plus inflation for any multi-family more than 15 years old.

USDA isn't as widely talked about, even though it is a nationally available program, but for some areas I think it works well.

Property management agreement terms vary widely by region and by company.

Appraisal theory of how to determine adjustments contains a couple of techniques, but I will only discuss one of them, the one that is most widely accepted as the most credible possible.

Typical two lane road right of way is 60' wide (30' in each direction from the centerline), but your location may differ.   

On the other hand, you have Warren Buffett (widely regarded as one of the most successful investors of all time and one of the richest people in the world) sitting on $128 billion in cash and saying he'll "never risk getting caught short of cash". 

Bozeman has Montana State University nearby, which attracts students for similar reasons that Boise State does - outdoor environment, good education at a decent price (compared to University of Washington, U of Oregon, Boulder, etc.) in addition to other strong  drivers such as a burgeoning tech industry, low vacancy rates (sub 3.00% market wide on CoStar - probably lower on smaller 4-20 unit deals), and limited concessions on new leases.

The current parking lot has parking spots for 8 cars and the streets are wide here so parking on the street isn't an issue and some tenants currently park on the street already. 

Ohio's state-wide average is $5,500, and Franklin County (where Columbus is) might be as high as $7,000 depending on the exact zip code.

Thanks to you1st thing I'd do is study all of Cleveland's neighborhoods as they very widely in risk and price.