There will be rent, utilities, food and other expenses to pay and without a steady stream on income, those expenses will eat you alive as you struggle to get off the ground. 

Occasionally, you may find an ancillary income stream {parking, laundry} included in that number to boost it even further.In reality, your effective gross revenue will be the scheduled rent minus vacancy.  

I’ve thought about using prop stream or batch leads and calling a list of 1000 homes.

I have full time job. earning very comfortable salary. looking mainly to create other income streams because of all the "what ifs..." and because I want to gain more freedom and time. no prior real estate experience. read couple of BP books and listened to a few BP podcasts.

Not only do you have a steady stream of student tenants but Tempe (especially downtown Tempe by campus) is attracting a lot of tech companies and thus a lot of quality renters.

Beautiful creek that flows directly out of the National Park and is a surprisingly good trout stream!

Cash on cash return is better out of state.Not that I always want to be a active landlord but for now taking a hour travel to do misc items around the property puts a bernden on my main income stream/family.Once I have enough door in that area I will be able to hire a property manager to help and relieve some of that bernden.

I am trying to compile content and ideas to have a consistent stream to work with.

All it does is shift the rental income stream from the property to the equity.

Another alternative over selling a first and keeping a second is to structure a first and sell a portion of the payment stream (keeping payments on the back-end).