Additionally, I am not house-hacking since I will be relocating after graduation, but would want to keep my investment property in the area near my university. 

PA, AZ, TX, FL, NC, SC all offer promising options for single-family and multi-family buy-and-hold rentals.Avoid seasonal tourism areas for stability; instead, focus on job centers, universities, and gentrifying neighborhoods.

For Ram's family university is non-optional, it's an expectation.

@Casey AdamsReach out to @John Mocker and try an independent broker to get a couple different P&C options your pain is universal lots of losses for carriers and someone has to pay 

You can get very good property for the money, and in Lubbock we do not rely on energy, but mainly have a medical HUD and Texas Tech University which will always drive traffic and bring people to this area.

And in order to make those projected returns pencil-out they used very aggressive/nonconservative underwriting including very high leverage (above 65%), floating rate loans (higher projected return but increased the risk of catastrophic default if interest rates rose), financially engineered capital stacks (which increase the risk of a problem for the normal equity investors in ways that are similar to taking on more debt), very high sponsor split compsensation that financially incentivize them to push the risk-envolope etc.On the other hand, all the conservatively underwritten multi-family deals (low leverage, fixed rate loans, simple capital stacks, average sponsor split compensation) are almost universally fine.Another area having problems is in the riskiest strategies like ground-up construction (opportunistic)...because everything is more expensive than projected.

I greatly appreciate your warm welcome

These policies are usually permanent life insurance like Whole or Universal Life Insurance policies.

I'm  posting this in Indianapolis but it could apply to any college/university town.

It is home to one of the only Level 1 trauma center hospitals (Carle) in the state outside of Chicago and the state's most prominent university.