I would for sure checkout the zip codes 45439 and 45409 based on my preliminary look if you want to be in the heart of the city but don't discount the suburbs especially if you are looking to invest in SFH. 

We wouldn't have to dive too deep and could issue you a preliminary term sheet pretty quickly, so you know what you're possibly looking at. 

Sadly, my LSU Tigers did not make the list (not a shock as far as STRs), but a few heavyweights and surprise names are still on it. 

For preliminary numbers analysis, I’m using an online calculator available at this website: https://www.calculator.net/rental-property-calculator.html.

This would probably help since the next one I build I could immediately put for sale and do a short term rental while it sells.I have many years of construction experience and have also done a fix and flip, in addition to building ground up construction, as well as 10 years of entrepreneurial experience running a paddle board rental company... i have a BS in Physics from Georgia Tech , a PhD in Theoretical Chemistry from UT Austin, and did Postdoctoral research using Computational Engineering where I designed, manufactured, and tested a shock mitigating metamaterial...

Rates were low because of 2008 crash and the pandemic, two once a century shocks.

I'd suggest you go through the preliminary site plan approval process and get a site plan approved.

You’d be shocked by how little actual screening many PMC’s do!

Travis Bobo I'm shocked you have to pay $10K - $30K up front!

Once all of the above is known, and you have a preliminary site plan showing how many lots (and the size of lots) are available, you can start putting together numbers on the cost of the whole project.