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

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?

Definitely better schools in Rockwall, I think more people commute into Dallas from Royse City than Rockwall too.

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

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?

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.

@David KirklandThanks to Commutative, Associative and Distributive properties of mathematics (multiplication) ;-)In your Scenario B, do not forget to take the interest payed on the LoC into consideration.For an extra giggle, look at increasing your mortgage payment frequency from monthly to bi-weekly (26 payments per year) and apply half ($500) or the extra $1000.00/month principle pre-payment to each bi-weekly payment.

Read "Long-Distance Real Estate Investing" by David Greene.

You will be within close proximity to the University and approximately 5 minutes driving distance from the main city area, which also includes the hospital (could be good maybe for a medium term rental if close enough for travel nurses). 

I started investing locally and have kept expanding after moving out of state, so I’ve got experience navigating the challenges that come with investing from a distance too.Detroit has its challenges but also some of the best potential for cash flow combined with affordable entry points.