Or assume they will get a job with comparable pay?

Each unit has one person living in it so the wear and tear is slower compared to more people living in a property.

The acquisition cost is fairly small, compared to the potential earnings.  

Yes, you can make these work, but compared to real strategies, they are all linear returns, slow, and are not examples of the best use of your cash. 

Compare the various softwares before making the jump.

Do a search of reviews or test each one out yourself to compare how they function.

So, I made ananalysis to compare building now or waiting 2 years.

You might want to compare the training offered with competitors and figure a way to put a unique spin on yours or know your value proposition.

You'll have a higher cash flow as well when compared to to other pricy markets. 

See picsGross annual income: $250k_______________________________________Using income approach with cap rate$250k x 0.8 = $200k / 0.0366 = $5,464,480 value (3.6 cap rate with 20% operating expenses (newer building but still operating expenses quite low))—-----------------------------------------------------------------------Future Bevan Ave developmentDesired price: $8.5M18x units Year built: 2023Finishes: Quartz, new Projected gross annual income: $384kUsing income approach with cap rate: $384k x 0.8 = $307,200 / 0.0366 = $8,393,442 (3.6 cap rate with 20% operating expenses (brand new building 20% operating expenses more realistic)—-----------------------------------------------------------------------Comparing the properties by gross income. $384k (Bevan) - $250k (sutherland) = $134k x 0.8 = $107,200 / 0.0366 = $2,928,961 therefore Bevan is $3MM more valuable.