You could use the "silver tsunami" mantra that has been said, or you could look at the demographics for the area you plan to invest/open a facility in. 

I do think the asset class will experience devaluation as buyers price in the economic distress of COVID, but as long as the long term demographic fundamentals remain in place, MFH is setup for success so I wouldn't be fearful of a bear trap.I think an interesting thing to watch is if/how COVID affects any of the demographic trends currently supporting the rise of MFH.

Originally posted by @Roger Spencer:Thanks Steve, I looked at the zoning for the property, it is listed as General Business.OK, now start with what the property offers:1) Lots of off-street parking2) Drive-by count3) Demographics of surrounding neighborhood4) Access to services5) Competition or in an under-served market.Some place retail still works and others an office and others self-stroage. 

Some ideas for content for college students- - You could sell ads for little college side-hustles (tutoring, yard work, ride sharing to airport at Chrismas- Ways to reduce energy bills-Gift ideas for your mom and dad who are hard to shop for- Why you should remove dryer lint with sensational story you find online- Cheap monthly recipes that taste good- "Biggest Loser" competition with prize money (an old complex of mine did that)- Great new cheap place to eat - Your business stuff that you really want them to read: late fee reminder, lease renewal dates, guest parking, pool rules, trash guidelinesAs I type this, I wonder if your situation of tight geography and demographic might make for a good closed Facebook group for only your current tenants.

Or did they just eliminate it due to demographic changes?

I would look at the demographic in the specific area.

I am considering a partnership with 3 other investors where we would combine our collective resources to implement a BRRR strategy in a specific demographic area.  

If you're looking for buy-and-holds in Northside, your renter demographic will be different than the East End/3rd Ward originally discussed.

Like Ron said, your demographic and  varies by street around here.

You should do a demographic/job growth study of any area before committing yourself to any form of investment.