Current purchase competition for rehabs makes the #s look ok (not great) for new construction SFH rentals. 

(I know DFW is super competitive right now. )Put down ~$300k, use the remainder to make updates, raise rents.

But if you're looking for a cashflow heavy property then you'd need to decide what kind of cash on cash return you're comfortable with and how much cashflow each month is good enough for you to accommodate any potential shifts in the market. 

Banks often fumble multi-unit deals and won't necessarily be the most competitive in rate.

Continue to research your market and see what the competition is charging for similar units in that neighborhood and don't be afraid to adjust accordingly.

Which is the same data as what is offered above...minus a few names and with a whole **** ton more competition..... 

I believe AmGUARD is competitive in that market

Letters can work, but if you're in a competitive market you'll have to send out many thousands a month to get any kind of response.

Make sure your 10 month lease rate is not your competitions 12 month rate.

There is a glut of student housing in the area, and I think competition is likely to drive prices down for anything that isn't new construction.