You can also check stats on Furnished Finder to see how much demand there is in your area based on searches. 

Examine Midwest markets that exhibit positive demographic and economic trends, such as varied economies, inexpensive housing, and rapid employment development.Prior to making an investment in an out-of-state market, it is imperative to establish connections with local property managers, investors, and real estate experts.

Below are graphs I put together from stats in our local MLS.

Rental rate (please include stats for home so I can compare)?

(e) While a person may examine and consider a criminal background check, credit history, or rental history in reviewing an application for rental housing, the person shall review and consider additional history in reviewing an application for rental housing, the person shall review and consider additional information provided by the rental applicant, including, but not limited to, personal references, recency and status of any evictions, and any actions taken by the rental applicant to resolve past evictions, credit challenges, or alleged damages, the recency and severity of any convictions, the violent or sexual nature of any prior convictions, the facts or circumstances surrounding criminal conduct, the age of the applicant at the time of the conduct, the age or vulnerability of the victim of the conduct, evidence that the applicant has maintained a good tenant history in the intervening time, and evidence of rehabilitation efforts, consistent with state and federal law, including, but not limited to, fair housing laws.

I recently added a half bath in area (a very high cost area where properties are significantly over $1k/ft) that stats show a half bath adds ~$50k value.  

Stat. § 704.44.)Essentially, because of something that may not even have been intentional by the landlord, the tenant will get to live in the landlord’s rental property for free for the tenant’s entire tenancy, even if the tenant was not damaged because of the prohibited language in the rental agreement.You can read the details on the website of the RPA, which is the largest REIA in Wisconsin and will try to fight this. 

Check Montgomery stats.  

I learned the hard lesson about taxes (fed, stat, recapture) on the 1st one sold, will not make that mistake again.

Like your build, our project is situated on a smaller parcel of land compared to other Towneplace Suites I've examined.