Other comps are starting to come up in price but again, as they remodel, have better views, beach distance.

You should be able to find a PM in your target market to help manage everything for you (I don't recommend managing from a distance...it can be a nightmare and your time is more valuable focusing on your sales business). 

Long distance investment (will be using property manager)2.

I’d love to hear some perspectives from more experienced investors on what you think about the info below:$75k for a 5bd 3 ba manufactured home that rents out each room for $500/monthPros:Reliable tenant paymentsCheap purchase price relative to income generatedPotential for ~16% CoC ROICons:Long distance investment (requires property manager)Month-to-month leases per bedroom (& no deposits collected)Located in Utica, MS – not a thriving market for rentalsManufactured home – not sure this type of home will build equityUnsure what kind of tenants live here Hey Molly!

Would it be worth it to invest in a less expensive unit just outside of the strip or is having a place within walking distance the biggest appeal?

And if you can, put one that's a little distance away. 

Read "Long-Distance Real Estate Investing" by David Greene and follow him on the David Greene podcast.

Quote from @Tika Sanyasi: @Aristotle Kumpis: I was thinking of being the landlord and managing myself but, was wondering if the distance is too much to cover to do that.

Out of curiosity, when you travel to new cities for work, are you basing your search for housing on a certain mileage, or walking distance, from the hospital you’re working at?

This isn’t 1979 where you’re restricted to properties “within a2 hour driving distance”.