If they can manage them well, then no problem.

I have a few clients who like Ohio as well

Alabama - super low property tax but the rents are lower as well but all in all a good cash flow state.  

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.

If you had also spend money on renovations and improvements while occupying those should have gone into service then as well. 

They want someone who is physically local that can be responsible for issues that come up.If you are required to hire a property manager anyways, might as well just pay them to do the tenant placement.  

My client's have been happy with the draw process and response times as well.

Hello I heard about Zi-Find was curious about them as well is it legit?  

Campus housing has been under tremendous headwinds for the last 4 years.These properties were sold with extremely aggressively optimistic projections, as well as a price that represented a significant premium to fair market value.So sorry to hear about your investment.

With that said, I've done some research on the market and found the following information helpful in my considerations for Phoenix that you might find helpful as well:  Demand for both buying and renting property remains high due to the city's strong economy and growing population.