That'll give you a pretty good idea of what you can expect to sell for.The closer in distance, time, and type of property, the more accurate you'll be

If your rentals are within driving distance then it comes down to how much time you have available.

Have you read David Greene's book on Long Distance Real Estate Investing?  

I have a condo rented walking distance to classes at University of Utah.

There are houses the next major road (5 short blocks away) up that are going for 400-600,000$ and those prices are moving in the direction of where this house is based on development going on around it which will hopefully make it great to rent because people want to live within walking distance to the local coffee shop (15-20 min walk), a farmers market (15-20 min walk), 2 grocery stores (15-25 mins in either direction) .

It depends upon the size of the city they are on the outskirts of.For example a smaller City where you can travel the City itself in 15 mins - the average distance they might want to travel would be 30 mins.If a bigger city and everywhere takes 30 mins to drive then the tenants would probably consider renting 1 hour outside of that city.

I have yet to purchase my first property. I was wondering if anyone has experience buying their first rental property out of state (or 5+ hour drive let's say). How long did you research the area? Did you make several...

My plan is to go to every legitimate BP meetup in Seattle that isn't during my work hours to immediately start building relationships.Currently my real estate interests are in house hacking and long distance multi-family rental properties.I see real estate as a long term commitment which is why I'm trying to start my journey as early as possible.

We rented a place mostly sight unseen due to time and distance constraints.

My concern is  when It comes to finding the ARV of a property we want a minimum of 3 Comps with the same year built and within a mile radius distance.