@Erwin ShamYes, many people do much better in a more traditional classroom setting.

Who knows when the next market correction will be but that might be a good time for you to venture out to your second market like Indianapolis to hold part of your portfolio in a lower property tax market.Yes both myself and @Nick Gaines are in the Champaign area and I have a few properties which are traditional college rentals. 

Do not hesitate to ask me any questions you might have regarding traditional financing.

Traditionally direct mail has a response rate of 1-3%, but in competitive markets it may be less than 1%.If you are going to do any DMM I recommend using very targeted niche lists and totally custom mail pieces as a way to stand out from the crowd.

So I'm covered but it was a stressful few days while the lender and title insurance company went back and forth.I'm noticing more HUD Homes are being acquired in this "deed in lieu" transaction as opposed to the traditional foreclosure route. 

Do I want to deal with the mounds of absolutely stupid and pointless paperwork involved in traditional sales?

Perhaps @Kevin Romines could shed some light on finding the right traditional lending program for you, as he's in that lending space and in your state.

@Daniel GonzalezThe biggest indicator in a buy and hold traditional rental property(being financed) hands down is Cash on Cash return.

Using my HML, 1yr @9.5-ish, etc, I'd need $80k...almost $100k if I were to go the traditional mortgage route, which I prefer. 

I think you answered your own question on the first front, not to go with a traditional PM.