Why pay for a 1/1 in MF when you can have your own house to yourself for the same or comparable monthly payment?

What is the condition of the property compared to the one that just sold?

Here is a link to a blog post on BP that compares short term rental versus long term.https://www.biggerpockets.com/renewsblog/2015/10/19/long-term-short-term-rental-vacation-home-property/

Not so much in the surrounding citys.I actually receive a monthly report on the currently real estate market in comparison to the previous year to show the markets strength.MIDLAND HOUSING REPORT May 11, 2016 – The April 2016 housing report shows a steady market compared to this time last year.

Evan that's a good call on comparing the rates, I will do some research on what would be the best way to go.

The rents reported are also very low compared to comparable rents in my area. 

@Steve B. we have an agent helping us with running comps and we've compared to other recent sales.

There is no doubt a higher entry point in this market compared to Cincy.

It just never seemed like rent in Louisville was very high compared to property values over the years as I've minimally been looking around. 

My agent sends me CMA's, which I also compare with comps I find on  Zillow, ect, Have found that the list on CMA is not really an accurate indication of my property's ARV, For example, my property might be 1 story, 3 beds, 2 bath, brick, etc. and CMA have some with 2 story, alumin/vinyl, etc.