Erindale is a newer east-side family suburb, and rental demand there tends to reflect that, drawing family tenants rather than students. Newer construction generally means lower immediate maintenance costs than an older neighbourhood's housing stock, but it also means a smaller established renter pool built up over time, since the area is still filling in. Model your vacancy assumptions accordingly rather than assuming instant occupancy.
A home inspection, typically $400 to $600, still applies to a newer multi-family property, since even recent construction can have deficiencies, and it should cover every unit, not just the one you can access during a showing.
Get your hand-reviewed valuation from Joel Dyck.