So far my life has changed for the better since purchasing this property, and whilst I may not be at positive "cashflow", I can certainly boast about, the feeling at least, of living for free!

If that was said in the first person, you'd probably think Matt Rothwell was boasting, but in the third person, it sounds extremely credible.  

That's because there are very few places left that are within 25 minutes of Manhattan and still boast affordable prices. 

Bullhead City is a river/casino area, so there are some great opportunities for "seasonal" rentals as well, or the latest craze, Air BnB.

fliers boasting of it going for >40% over asking, implying that this was the result of efforts to market the home, and not just playing games with list price.

This is a 4 bedroom 1 bathroom home boasting 1876 sq feet near the fairgrounds in Kendallville, IN.

If you don't need the cash flow, and the property breaks even in the current market, then you're really just speculating, and if you have the money to speculate it may not matter one way or the other, much like it may not matter if you go to Vegas and blow a grand at the casino if you have the grand to blow. 

Saying that about Dodge takes a lot - they've come a ways since the casino was put in.Anyways I went on a tangent - but do your homework and check out the short term rental market - maybe buy a duplex and use the other half as a short term rental or a small apt complex if you can afford it near the university. 

Behind the HeadlinesReal estate companies will always boast about the benefits of acquiring real estate because it is their job.

If you trade on emotion, then you are simply going to the casino, nothing more.