I think geographical diversification is very prudent for the very reasons stated by @Marco Santarelli .Another reason: natural disasters (which seem to be more frequent nowadays).

So kids dont mind buzzing those few miles to class every day,,,the harder part is finding parking when they get there.

There definitely seems to be a big trend in renting rooms to college students nowadays.

"Real Yield" 30 year treasury bonds return ~0.8% nowadays (non-inflation adjusted is ~2.5%).

Nowadays, the market has DEFINITELY come up... a LOT.

I'm a bit buzzed at the cap rate difference.

I live in Latin America, I started investing in Florida 5 years ago and experience was mixed, nowadays I am investing in Detroit area.

When it goes to auction just be mindful that (i) nowadays auctions are well-attended and it's likely other investors will bid the price up higher to win the property, so you can't set the bid lower than the property's value and assume you will land the property at that amount, and (ii) typically proceeds in excess of liens owed go to the borrower, so not sure if setting the bid excessively higher than the property's value & amount due would make sense.

Even two extra bedrooms or even one would fine nowadays in the age of Airbnb.

I'll give Bryan a buzz.