For the rent controlled units, I expected the market rent to hit the rent increase limit. 

Its proximity to a desirable gated development increases its attractiveness.

There is also the chance that these said future properties will be more expensive to purchase due to 2 years of increased NOI on the seller side.

Im not sure about the increased "guest quality". 

This is a case by case so set your own metrics and try to find properties that meet your own standards.6.)

The latest new and existing home sales data suggest that buyers are taking advantage of increased inventory — and in some markets, lower prices — to act on purchases that they may have deferred for several years.Price growth surprises.

It is currently rented out to standard tenants but I am interested in potentially converting to a care home model.

If you increase that to 250-300k then you can definitely pick up some solid rentals around Houston. 

AlabamaEffective Property Tax Rate (2019): 0.37%4Typical Home Value (2022): $189,9766Annual Taxes on Home Priced at State Typical Value: $702.9The current metro area population of Montgomery in 2023 is 374,000, a 1.91% increase from 2022.

Or rolling that profit into another property(s) to obtain more rental properties to increase monthly income?