One thing to take note of is that a lot of places that are established STR markets have regulations stating that you have to honor future bookings.

I’ve heard that this neighborhood doesn’t really have any problems from a social worker but outside areas aren’t good. 3/4 units are currently rented at $900 each, renters pay utilities.

But before that you need to establish that you purchased it with an investment intent. 

Hope this helps...https://www.starkhelpcentral.com/rent-utilities-assistance

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.

If you’re looking at retrofitting to separate heating for each unit (like furnaces or mini-splits), you might be looking at a higher upfront cost, but it can shift utility expenses to tenants and improve your NOI.I’d factor in boiler age and efficiency when analyzing deals and if it’s near the end of its life, negotiate a price reduction or a credit.

Out of that voucher amount, they will have a utility and appliance work sheet that provides a cost for each utility or appliance not provided by a landlord for each bedroom size.

Or is it better to utilize different strategies?

These projects are just beginning to break ground so they have yet to establish a track record in this area.

Some expenses, such as utilities, property taxes, and interest, incurred during this period may also be capitalized.