I think most of the students at those two colleges are commuters anyhow.

When running numbers, especially on small multis more western markets with direct access to NYC tend to be more favorable from the numbers stand point and many of these towns offer 30 minutes or less taking commuting lines.

I started looking a bit into Rochester which has a way lower price point for multi families and single families but obviously I would be unable to house hack as it is 5 hours away from NYC which I will not be commuting lol.

If you come to me and say you super handy ready to take on a major renovation my answer will be different compared to if you come to me saying you need turnkey and 30 minute commute to NYC.  

Hola Tivorones, I'm a Cuban that is Bi-Coastal living part time in California and commuting to where my family is in WNC, Asheville.

@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.

I think that urban office still has a lot more pain to go through, but I wonder if many people will want to get out of the house to work in the next few years, but not have to commute through to downtown.

Will riverside continue to build keeping inventory steady and will people need to commute in traffic to get to work? 

IMO killeen is a solid investment. just have to watch which areas you are getting into. there are some pretty rough areas near fort hood but killeen is great because it is close enough to austin and people commute from there to austin as well. with fort cavazos near by and the new samsung plant coming online in taylor, it is a solid choice with steady demand for MF.

You're not getting people moving there that can commute to anywhere.