Show some newer investors why the land under can be the deciding factor.

What factors can I take into account that may assure me I would be ok, is there a population or statistic?  

Considering the neighborhood and size of the house - the two most important factors in the ultimate value of the house - and using comps and my knowledge of the local market, I figure out a "drop-dead" offer, a likely offer, and a "fire sale" offer.

Multi-Family ultimatley you expose yourself to more owner reusability, I like Single Family as the property upkeep is the reusability of the tenant.  

I urge you to consider all factors before making an informed decision.

There are so many factors, including the skill set needed and the personal inclination of the investor.  

This is due to a few factors, one is the college (VCU) students have their parents come in and buy up the Duplex’s and Triplexes paying too much and driving up the price.

I was curious, however, as to the factors that influenced your decision to invest out of the local area, especially doing flips which seems really tricky from a distance. 

Isn't there an opportunity there for them to come up with a more unique format to really expose the every day world of investing? 

I know it depends on what your goals are and other factors.