That is really going to depend on the individual investor and their comfort level, and I can guarantee you that your tolerance for the "increased risk" of distance will change as you gain experience.  

There are no guarantees but there certainly is a continuous refining process that takes place in our business that helps us to make it just a little bit better each day.

Not guaranteeing anything, but I have a few guys that like this sort of thing, and the current local market has a lot of competition.Will you share your thoughts with me?

But the interesting thing about this scenario is the rents are guaranteed by social programs.

If the students have no income, then I have their parents sign a guarantee.    

If you are not paying full price you can be guaranteed corners will be cut, I don't care what your contract says.You're asking for a world of trouble you can't yet understand...

One little slip up and you have to start over, and after being without the rent for so long you should want this to go as quickly and smoothly as possible - doing it pro se without prior specific eviction experience is not guaranteed to be smooth. 

You can find a bank that will lend to your LLC as long as you personally guarantee it.

Fannie and Freddie guarantee these loan products because they have historically experienced low loss rates and to promote their social and economic agenda.

You pay for that like a loan or cash but it doesn't guarantee that you own the fee for the property after the lease expires.