Depends on your goals and the current market.

Did you figure in the cost of the other tenant paying less than market rent until you can get them up to market rent or replace them with another tenant and how long that will take?

What's your recommendation to market it?   

As-is cap rate of 7.5% in my market (kc) would be pretty awesome to buy. 

After year 1 we added more originators, more processors, an appraisal review analyst, a VP of capital markets. 

They do have you approve different settings that prices your property at the 50th percentile of your market or 75th percentile etc.

Additionally, their marketing was very compelling.

Exit StrategyResale Planning: Research market trends for optimal selling timing.Long-Term Investment: Consider retaining the property as a rental post-graduation.Marketability: Choose a property with appeal to future students or young professionals.By following these steps, you can make a well-informed decision and ensure a successful investment that benefits both you and your student during their college years and beyond.Peter Derry PHD Properties 

The cash flow of the paid-off property would be $480 monthly (post expenses) and am thinking of reinvesting that back in the market.

Study the market.