The hurricane pushed construction back 9 months, but rents also rose during that time due to a lack of supply.

Inspectors will come to verify safety- locks under cabinets, locking cover for your jacuzzi, no cleaning supplies accessible.

I personally am not interested in dealing with tenants out of the gate and all the variables they represent.

I'm interested in the Huntsville, AL market, but it is mostly a SFR market, so I thought I'd create my own 4-plex if you will, by renting a 4 br SFH to students, only to find out via BP that most students don't rent that way there because the campus supplies a high amount of student housing compared to many universities.  

Too many variables to answer your last question very specifically, but I can tell you about one I have. 

In Phoenix, I currently use $3300/unit/year as a starting point for expenses and adjust for variables. 

Which means more money flows to the bottom line (higher rate with same occupancy means not adding variable costs with additional guests).  

You could analyze why there was a downtrend in prices (increases in supply have actually outpaced demand) and take advantage.

The trouble right now is, Victoria and Vancouver are in very short supply of inventory.

I would think supply and demand could handle this issue, if I am looking at 5 similar jobs and 4 of them are offering between $7-9 and one is $15 then obviously I would want that one, but so will everyone else.