We need to take into account the infrastructure, nearby facilities, schools, etc. utilized by those in the community, otherwise we’re creating a whole new set of problems for ourselves.

Though, there are a few others nearby that share your price-point.5121 Durley Dr. was recently marketed at the same price. 

We have another STR nearby 

I started kicking myself after I missed the initial deadline because good multi-family properties with 4+ units rarely pop up, and our chances at securing multifamily like this nearby (so we can be actively involved with its management) is dwindling given ever-increasing interest rates (the tea leaves suggest we are headed for rate increases like those seen in the 1980s and 1990s).  

Thanks, Christian and Mitch, seems like MTR is looking like a better option for me to avoid the red tape of Homestay, but still have some flexibility.There were some great tips on doing MTR nearby hospitals in a recent BP podcast, I wonder if just south of downtown may be a good area to look?

Two options:Recent rentals - Check out nearby recently rented similar properties in similar condition.

I want to develop it to a commercial storage facility, I have a lot of industrial site nearby such as NOV head quarter about 10 minute away.

Zoom in on the neighborhood and find out where your property should rent by comparing it to rentals nearby.

Unless the tenant is contributing to an infestation or there is a nest nearby, it may take time to clear up.

Take a look at listings nearby to see if it is standard in your market.